Chart Review: Amazon.com Triggers Post-Earnings Short, Freeport Hits QE2 Price, Cliffs Hits 200DMA

Amazon.com (AMZN) The day after Amazon.com (AMZN) reported earnings, it soared in typical fashion after faking out traders with a lower print. I was able to once again execute the post-earnings AMZN trade successfully. It has been all downhill for AMZN since then. On Tuesday (August 13) the stock finally closed below the intraday low … Read more

T2108 Update (August 7, 2013) – Waning Momentum

(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 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 … Read more

T2108 Update (August 2, 2013) – Fresh Breakout And Still Not Yet Overbought

(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 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 … Read more

T2108 Update (July 31, 2013) – Potential Consolidation As the S&P 500 Waits Out Growing Negatives

(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 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 … Read more

T2108 Update (July 26, 2013) – Still Not Overbought Yet

(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 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 … Read more

T2108 Update (July 23, 2013) – Market Almost Overbought; A Quick Review of the Apple Earnings Play

(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 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 … Read more

T2108 Update (July 19, 2013) – A Key Juncture As the Market Creeps Toward Overbought; Google and Apple Earnings Technicals

(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 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 … Read more

T2108 Update (July 17, 2013) – Small Stall At All-Time Intraday High; Chart Review Madness

(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 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 … Read more

Chart Review: Baidu’s Moment of Truth and Stubborn Amazon.com Delivers Raw Bullishness

Baidu (BIDU) A little over a month ago I advised that traders watch the volume on Baidu (BIDU). I showed the history of false breakouts and of breakdowns on high volume. The bad news is that June’s breakout redux failed and led to false hopes once again that BIDU could finally end its 2-year slide. … Read more

T2108 Update (July 12, 2013) – New All-Time Highs With Room to Run

(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 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 … Read more