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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 11% (Day #2 of the current oversold period). VIX Status: 32. General (Short-term) Trading Call: Close most … 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: 42%. VIX Status: 21.0. General (Short-term) Trading Call: Hold. Commentary T2108 dropped from 54% to 42% as the regularly scheduled selling resumed in the stock market. T2108 remains on … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) {snip} This piece is a follow-up post to “Preparing for Profits in a Resource-Constrained World” (Part 1) in which I discussed the implications of Jeremy Grantham’s fundamental thesis of a new world where resources are … 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: 74%, 5th overbought day. VIX Status: 16. General (Short-term) Trading Call: Continue closing bullish trades (longs), add to bearish trades on a close below 1333 on the S&P 500 … 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: 70% and overbought. VIX Status: 16. General (Short-term) Trading Call: Close more bullish trades (longs), initiate new bearish trades (shorts). Commentary The S&P 500 closed the week with a … Read more