T2108 Update (October 23, 2012) – Breakdown

(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 highly 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 … Read more

Reserve Bank of Australia Emphasizes Overall Resilience Of the Australian Economy

(This is an excerpt from an article I originally published on Seeking Alpha on September 25, 2012. Click here to read the entire piece.) After the Reserve Bank of Australia (RBA) released its monetary policy statement on September 4th, I noted how the loudest part of the statement was left unsaid. The RBA raised no … Read more

Recent Examples of Intraday Relationship Between the Australian Dollar and the S&P 500

In “How To Estimate Intraday Moves For The S&P 500 Using The Australian Dollar“, I quantified the relationship between the Australian dollar and the S&P 500 on an intraday basis. However, I did not provide any charts demonstrating the relationships. The chart below tracks the intraday relationships between SPY as a proxy for the S&P … Read more

T2108 Update (October 3, 2012) – Bearish Divergence With A Caveat

(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 highly 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 … Read more

Commodity Currencies Already Reverse QE3 Gains

(This is an excerpt from an article I originally published on Seeking Alpha on September 17, 2012. Click here to read the entire piece.) I am still working on a revision for the commodity crash playbook to take into account the new QE3 regime, but the trading action is already moving faster than I can … Read more