ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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.) T2108 Status: 25% and neutral. VIX Status: 20; reversed gains from the last day of last oversold period. General (Short-term) Trading Call: Hold. Commentary T2108 rose slightly to 25% on another … Read more
(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.) T2108 Status: 21% and neutral (ending 2 days of oversold conditions). VIX Status: 22; higher than the start of last oversold period (19). General (Short-term) Trading Call: Hold, assuming trading longs … Read more
(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.) T2108 Status: 19% and day #2 of the current oversold period. VIX Status: 23; the max intra-day high occurred on day #2 of the oversold period, 14% above the highs from … Read more
(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.) T2108 Status: 20% and oversold General (Short-term) Trading Call: Cover more shorts, add more longs Commentary T2108 plummeted to oversold territory. The indicator closed right at 20%. Since the March, 2009 … Read more
(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.) T2108 Status: 26% and neutral (note that since the March, 2009 lows, T2108 has frequently hit bottom around 30%). General (Short-term) Trading Call: Hold. Commentary T2108 popped to 26% on a … Read more
(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.) T2108 Status: 21% and “almost” oversold. General Trading Call: Continue covering shorts. Add more small long positions. Commentary T2108 dropped to 21%, right on the edge of the official 20% oversold … Read more
(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.) T2108 Status: 31% and Neutral. General Trading Call: Continue covering shorts. Start adding small long positions. Commentary As I suspected, yesterday’s oversold bounce was short-lived. The selling today was strong, persistent, … Read more
(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.) T2108 Status: 31% and Neutral. General Trading Call: Continue covering shorts. Identify longs for buying IF T2108 gets to official oversold territory at 20% or below. Commentary Today’s obligatory bounce from … Read more
On May 15, 2006, I wrote a piece called “Evidence of A Tiring Bull.” I used T2107, the percentage of stocks trading above their 200-day moving averages (DMAs), to make the strong claim that the three-year old bull market was nearing an end. T2107 had been in decline for two years, and I projected the … Read more
(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.) T2108 Status: 29% and Neutral (oversold based on history since March, 2009). General Trading Call: Continue covering shorts. Identify longs for buying IF T2108 gets to official oversold territory at 20% … Read more