A Stock Market On Edge – Above the 40 (June 26, 2020)

Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more

How to Invest in Chicken Sandwiches: Popeyes and Wendy’s

The Popeyes Chicken Sandwich sold out with the promise of a big return.

The Chicken Sandwich War Begins And so it began. The Great Chicken Sandwich War of 2019 took Twitter (TWTR) by storm as the frenzy created by Popeye’s Chicken and its (re)release of a chicken sandwich lured Chik-Fil-A into direct social media competition. While the social flames and games raged on Twitter about where and how … Read more

T2108 Update (October 7, 2015) – The S&P 500 Reaches Its Highest and Most Important Post-Oversold Close

(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

How to Buy Twitter’s Stock for Less Than $20/Share

The big correction of August 24, 2015 (flash crash?) indiscriminately plunged stocks across the board. Twitter (TWTR) went as low as $21.01 before bouncing back and closing at $26.23. TWTR has steadily climbed along with the rest of the wobbly, recovering stock market. The lowest CLOSE for TWTR during this period, and its all-time low, … Read more

Implications of Current Internet Valuations As Facebook Takes Over the Top Spot

One big headline on Tuesday, June 23rd featured Facebook (FB) racing past Walmart (WMT) in market capitalization for the first time ever. The following day, FB gained further ground on WMT as the two stocks continued to motor in opposite directions: FB has set new all-time highs two days in a row while WMT hovers … Read more

T2108 Update (April 29, 2015) – Back to the Chop

(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

Internet Stock Valuation Update: Did Twitter Blow Off A Top?

Yesterday, March 24th, Twitter (TWTR) made an impressive breakout above the $50 battle line which defines the TWTR’s intraday high on its first day trading. Seeing the bullish move, it occurred to me I had not updated my comparison chart of internet stock valuations in a very long time. As luck would have it, I … Read more

T2108 Update (October 10, 2014) – A Bearish Chill As Indices Break Down and Key Indicators Reach Multi-Year Lows

(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

Hints of Bottoming for Twitter

(This is an excerpt from an article I originally published on Seeking Alpha on May 14, 2014. Click here to read the entire piece.) I last wrote about Twitter (TWTR) three months ago to conclude that the “crescendo top” in the stock was confirmed and to review the importance of sentiment in determining the fate … Read more

T2108 Update (August 29, 2014) – A Surprisingly Strong August, Mixed Prospects for September, and A Critical Test for Twitter

(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