T2108 Update (September 30, 2016) – Churn: A Lot of September Noise for the S&P 500 and No Bite

(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

Awaiting the Next Sell Signal As the S&P 500 Enters the Season’s “Danger Zone”

(This is an excerpt from an article I originally published on Seeking Alpha on August 8, 2016. Click here to read the entire piece.) Almost a year ago, I wrote about an interesting signal that tends to accompany a significant top in the S&P 500 (SPY) – “significant” meaning preceding a sell-off of 10% or … Read more

Housing Market Review – Slowing Data and A Fed-Related Overhang Mute Strong Sentiment (September, 2016)

The last Housing Market Review covered data reported in August for July, 2016. New home sales soaring to a fresh post-recession high made the big headline even as sentiment among home builders remained essentially flatline for the year. This time around, new home sales cooled off month-over-month as builder sentiment finally showed life with a … Read more

T2108 Update (September 26, 2016) – The S&P 500’s Post-Fed Celebration Comes to a Pre-Debate End

(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 (September 21, 2016) – Volatility Plunges As the Stock Market Eagerly Celebrates Fed Tentativeness

(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