British Pound Breaks Out After Uneventful Summer Olympics In London

(This is an excerpt from an article I originally published on Seeking Alpha on August 27, 2012. Click here to read the entire piece.) After three months bouncing up and down in a wide range, the British pound (FXB) is finally breaking out against the U.S. dollar (UUP). This follows a very uneventful Summer Olympics … Read more

T2108 Update (August 24, 2012) – Pavlovian Market

(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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 67.2% VIX Status: 15.2 … Read more

T2108 Update (August 23, 2012) – First Breakdown from A Topping Pattern

(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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 65.8% VIX Status: 16.0 … Read more

T2108 Update (August 21, 2012) – False Breakout and a Topping Pattern

(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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 71.7% (fifth day of … Read more

T2108 Update (August 17, 2012) – Waiting for Confirmation (Reasons to Love and Hate This Market Here)

(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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 74.9% (third day of … Read more