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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 80% (overbought day #39) … Read more
February 15 was a day noted around the world: Apple (AAPL) made a major bearish reversal that even non-technicians could appreciate for its fury. Here is the chart I produced on that fateful day: The tremendous surge in trading volume was a 13-month high and followed the S&P 500 down for the day – adding … 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. 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: 82% (overbought day #37) … Read more
It took almost a month, but silver has finally joined gold in its post-Fed breakout. The chart below shows that silver has broken above stiff resistance at the 50-day moving average (DMA). This resistance has kept silver under a lid for five months. Source: StockCharts.com With the Federal Reserve promising to keep rates low through … 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. 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: 80% (overbought day #35) … 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. 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: 83% (overbought day #34) … Read more
A funny thing happened after I declared the “fun is done” in solar stocks: Suntech Power Holdings (STP) pre-announced higher than expected revenues and financial results for its fourth quarter, and SunPower Corporation (SPWR) reported earnings that gave solar traders and investors fresh hope. At one point, SPWR broke out from a nice consolidation above … Read more
Over the past year or so, I have worked to further refine the application of T2108, the percentage of stocks trading above their 40-day moving averages (DMAs), to short-term trading. Last November, I updated my analysis of overbought periods, periods where T2108 equals 70% or more. That analysis provides a complete framework for understanding the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 18, 2012. Click here to read the entire piece.) On February 10, I rushed to create a short-term bearish setup on Google (GOOG) based on the sudden surge in volatility. I concluded that if the volatility gains anticipated stock losses … 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. 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: 83% (overbought day #32) … Read more