Above the 40 (March 9, 2017) – The Stock Market Hits A New Bearish Divergence

AT40 = 39.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.3% of stocks are trading above their respective 200DMAs VIX = 12.3 (volatility index) Short-term Trading Call: neutral Commentary From a technical perspective, my last “Above the 40” post made as detailed a case as I can make to … Read more

T2108 Update (April 12, 2016) – Challenging the 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

Exports of Liquified Natural Gas Add to Evidence of Bottoming Natural Gas Prices

(This is an excerpt from an article I originally published on Seeking Alpha on May 11, 2012. Click here to read the entire piece.) On April 19th, natural gas (UNG) reached a 10-year low at $1.907/mmBtu. This week, natural gas traded to a two-month high, the largest and longest-lasting move higher in a very, long … Read more

Chart Review: Chesapeake Energy’s “Abandoned Baby” As Shorts Descend Upon the Stock

Chesapeake Energy (CHK) has been in the news a lot partially thanks to the leveraged stock trading of its wheeling and dealing CEO. The stock has steadily dropped for over a year from a post-recession high of $36. When the company reported earnings two weeks ago, the stock responded with a strong gap up and … Read more