TEX Archives - ONE-TWENTY TWO: Trading Financial Markets

Buyers Push Against Topping Indices, Restart Overbought Conditions – The Market Breadth

July 29, 2023July 29, 2023 by Dr. Duru

push (Credit: Uphill Push by the_alien_experience on Flickr)

Stock Market Commentary The stock market delivered a gift on Friday as I scrambled to de-risk following the Bank of Japan’s drama on monetary policy. I braced for selling into bearish pressure and instead was pleasantly greeted by a broad push higher for stocks from the open. After the dust settled on the day, I … Read more

Above the 40 (April 25, 2017) – The S&P 500 Follows Through And Scratches Overbought Levels

April 26, 2017 by Dr. Duru

AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The French Fly continued apace as financial markets continued to celebrate. In my previous post, I failed to post a … Read more

T2108 Update (February 25, 2015) – Finally A Convergence Of (Tentative) Warning Signs

February 25, 2015February 25, 2015 by Dr. Duru

(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 (November 21, 2014) – Overbought for A Hot Minute With Breakout Charts Galore

November 23, 2014 by Dr. Duru

T2108 Update (June 6, 2012) – The Power of Oversold Again

June 7, 2012June 7, 2012 by Dr. Duru

(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: 26.2% (Terminates previous oversold … Read more

T2108 Update (May 17, 2012) – Oversold and Looking UGLY Ahead of Facebook IPO

May 18, 2012May 18, 2012 by Dr. Duru

T2108 Update – April 10, 2012 (ALMOST Oversold As Bulls Lose Control of Momentum)

April 10, 2012April 10, 2012 by Dr. Duru

T2108 Update – March 28, 2012 (Buyers Defend Latest Breakout)

March 29, 2012March 29, 2012 by Dr. Duru

Chart Review: Will Buyers Step Up One More Time As FXI Breaks Down Again?

March 22, 2012March 22, 2012 by Dr. Duru

Two weeks ago, the iShares FTSE China 25 Index Fund (FXI) broke down below its 50 and 200-day moving averages (DMAs) just 5-6 weeks after an important breakout above these MAs. Buyers seemed to treat this as an opportunity to get into FXI before the breakout move resumed. Over the past two days, FXI has … Read more