T2108 Update (June 29, 2016) – As Stocks Move Past Brexit, Currencies Still Sting

(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 (June 28, 2016) – Brexit Relief Bounds from Oversold’s Edge

(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 (June 24, 2016) – A Post-Brexit Menu of Trading Opportunities

(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

Market Sentiment Marks A Fresh Bottom for Gold And A Sustainable Surge

(This is an excerpt from an article I originally published on Seeking Alpha on February 14, 2016. Click here to read the entire piece.) Google Trends continues to prove itself useful in assessing the potential for important turns in the direction of gold, specifically the SPDR Gold Shares (GLD). On November 29, 2015, I wrote … Read more

T2108 Update (June 1, 2016) – Charts to Consider While Waiting on the May Jobs Report

(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 (April 27, 2016) – The Market’s Underlying Strength Continues to Expand Despite Tech’s Struggles

(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

Betting On Apple Earnings As the Stock Struggles to Hold Support

Apple (AAPL) reports earnings after market hours today (April 26, 2016). At the time of writing, the stock is barely holding onto support at its 50-day moving average (DMA) almost two weeks after a disastrous breach of 200DMA support. Source: FreeStckCharts.com The current sell-off sets up a great opportunity to play post-earnings upside. April is … Read more

The iShares Silver Trust Breaks Out On Maximum Bullishness

Last week’s report from the CFTC’s Commitments of Traders shows that speculators ramped up net longs on silver to levels unseen since at least 2008. I call this “maximum bullishness.” Source: Oanda’s CFTC’s Commitments of Traders Since June, 2014, the peaks in run-ups of net longs have generally trended higher and higher. Those buying sprees … Read more

Draghi Inspires A Parabolic Blow-Off for the Euro

“The second question is on the euro exchange rate. Since the last large package of measures, it’s risen against the dollar and other currencies. How much of a concern is that? I know you don’t target the exchange rate specifically, but it’s an important economic factor. Does it say anything about the ECB’s ability to … Read more

T2108 Update (April 20, 2016) – Stock Breakouts and Market Lift-Off

(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