Watch Out for the Nuances of the Japanese Yen’s Relationship to the S&P 500

(This is an excerpt from an article I originally published on Seeking Alpha on April 11, 2016. Click here to read the entire piece.) The Japanese yen (FXY) rang in the new year with loud alarm bells. At the time, I wrote about the implications for the surge of strength in “The Japanese Yen Flashes … Read more

T2108 Update (April 11, 2016) – The S&P 500 On A Slippery Slope

(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

T2108 Update (April 7, 2016) – A Close Call for Overbought Status

(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

The Australian Dollar Has Become Too Strong – Reserve Bank of Australia

“The Australian dollar has appreciated somewhat recently. In part, this reflects some increase in commodity prices, but monetary developments elsewhere in the world have also played a role. Under present circumstances, an appreciating exchange rate could complicate the adjustment under way in the economy.” – Statement by Glenn Stevens, Governor: Monetary Policy Decision, April 5, … Read more

T2108 Update (April 1, 2016) – Weighing the Prospects for a Fresh Market Lift-Off

(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