Monster Spike On Mild FDA Letter Setup By Previous Fear-Based Trading

(This is an excerpt from an article I originally published on Seeking Alpha on November 28, 2012. Click here to read the entire piece.) On October 25th, I noted how intrepid traders had loaded up on November $45 puts ahead of news that Monster Beverage Corporation (MNST) was implicated in a lawsuit over the death … Read more

T2108 Update – March 16, 2012 (A Successful Change In Strategy)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 63% VIX Status: 14.5% … Read more

Chart Review: Looks Like A Bottom for TBT

(This is an excerpt from an article I originally published on Seeking Alpha on March 14, 2012. Click here to read the entire piece.) For the past few years, trying to call a top in Treasurys has been a fool’s game. From the manipulation of the Federal Reserve to fears of deflation to fears of … Read more

T2108 Update – February 3, 2012 (The tipping point has arrived)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 88% (overbought day #23) … Read more

T2108 Update – January 6, 2012 (Borderline Overbought)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 70% (overbought day #4) … Read more

Enthusiasm for Gold Continues to Wane

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) I have not updated my “sentiment” analysis on gold in nine months…{snip}…I think this is a great time to take a fresh look. {snip}…I use Google Trends on the terms “buy gold” and “sell gold” … Read more

The Market Remains Unbroken…and Unloved

Like my friend TraderMike, I am extremely surprised at the timing of the market’s latest breakout. I too would have thought a breakout would come immediately after one of our three main news items of the week, not in between! I agree with TraderMike that the nature of this breakout leaves open the real possibility … Read more

Still No Clear Excess Of Enthusiasm for Buying Gold

Now that the bearish/selling signal for gold (and silver) seems ready to pass without incident, I thought I would take another look at a sentiment analysis on gold. Since little has changed in the three months since I concluded that skepticism towards gold remained high, I am taking a slightly different spin this time around. … Read more

Market Goes From Overwrought to Over-Bought In One Week Flat

I tried to make the case on Monday that the shrill commentary about the struggling American economy and its tepid stock market were getting overwrought with the kind of fever only a contrarian could love. It turns out there were other sentiment indicators flashing important extremes: “Bullish Sentiment Plummets to Credit Crisis Low“ (CNBC, August … Read more