T2108 Update (August 5, 2016) – A Bullish Breakout that Flirts With Danger

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

Chart Review: Bottoming Pattern for the Cotton ETN – BAL

Commodities continue to exhibit a dichotomy of patterns. Some have made new 52-week (and all-time) highs as they continue to recover from June’s selling. Others, like BAL, the iPath Dow Jones-UBS Cotton Total Return Sub-Index ETN, have continued a strong sell-off. On July 18, the stock gapped down, but buyers immediately closed the gap and … Read more