ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
October is the stock market’s second most dangerous month based on average drawdown on the S&P 500 (SPY). This year’s October is living up to the reputation after an October, 2017 that never delivered a close below September’s month-ending price. So far this month the S&P 500 has lost 5.0% with a maximum drawdown of … Read more
(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