ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On Monday, I was QUICK to declare “a very bearish breakdown for Apple.” Just two days later, the stock has recovered all of Monday’s huge loss and sits on the cusp of a very encouraging recovery or at the precipice of a renewed sell-off. The stock is neatly perched between its 50 and 200-day moving … Read more
(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 highly gap down 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 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 9, 2013. Click here to read the entire piece.) Last week was supposed to be a dramatic week with a whole host of pronouncements from the world’s major central banks, the aftermath of the Jackson Hole confab, and major economic … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 16, 2013. Click here to read the entire piece.) On Wednesday, May 15, the venerable Art Cashin on CNBC offered his observations on the strange consistency in the Tuesday trade since the S&P 500 (SPY) printed its low in 2012. … Read more
Yikes. Today was a particularly ugly day for Apple (AAPL) fans and bulls. The stock followed through on weakness from last week’s product event with a MAJOR bearish breakdown below critical support at the 50 and 200-day moving averages (DMAs). This also takes AAPL below its “Icahn support.” (Nightly Business Report blamed news of a … Read more
(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 highly gap down 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 … Read more
(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 highly gap down 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 … Read more
(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 highly gap down 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 … Read more
(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 highly gap down 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 … Read more
Many internet-related stocks have been on fire lately. In many ways, the run-up has been about mobile, so it may not even be technically accurate to call this feature a valuation update on internet-related stocks. Regardless, the most notable change since the last update in mid-June is that the internet high-fliers have experienced significant run-ups … Read more