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: 54% and Neutral General Trading Call: Hold. Commentary T2108 jumped 7.5 percentage points from yesterday’s 46% level. As expected, conditions were ripe for a bounce given T2108 had dropped … 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: 46% and Neutral General Trading Call: Cover some shorts. Commentary T2108 is just below April’s low of 47%. Given the S&P 500 is straddling critical support at the 50DMA … 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: 50% and Neutral General Trading Call: Hold. Commentary T2108 is approaching its lows from last month while the S&P 500 remains above its 50DMA and 2.7% away from retesting … 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: 55% and Neutral General Trading Call: Hold. Commentary T2108 dropped 9 percentage points to 55% as the S&P 500 dropped 0.8%. So far, the index is holding the first … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about this technical indicator, see my T2108 Resource Page.) T2108 Status: 63% and Neutral – just fell from overbought General Trading Call: Hold. If no shorts in the portfolio initiate “some”, more aggressive on break of May low … Read more
Today is the first day for posting the updates for T2108, the percentage of stocks trading above their respective 40-day moving averages (DMAs) on this blog. If you do not know anything about this powerful technical indicator, please see my T2108 Resource Page. This page also includes an archive of the commentary I posted on … Read more
Every now and then, I check in on the chart of Goldman Sachs (GS) as a potential indicator of the underlying health of the stock market. This year, I have been consistently surprised at Goldman’s persistent relative weakness compared to the general market. After recently refreshing my chart of the S&P 500 price in gold, … Read more
With the S&P 500 hitting fresh 3-year highs this week, the index is poised to recapture the previous uptrend that was interrupted by March’s double calamities of the Japan earthquake and hostilities in Libya. The stock market is overbought with T2108, the percentage of stocks trading above their respective 40-day moving averages (DMAs), at a … Read more
The S&P 500 has rebounded sharply from its March lows with a 6% gain in a little over two weeks. The short-term uptrend has met very little resistance as buyers have interpreted the recent sell-off as an opportunity to accumulate shares. This move has also flipped T2108, the percentage of stocks trading above their 40-day … Read more
The stock market is officially tired of worrying about the latest crises around the globe. On Friday, the S&P 500 essentially recovered all of its post-quake losses. The last three days of buying featured low volume (no news there), but the index was still able to hurtle over the presumed resistance at the 50-day moving … Read more