T2108 Update (January 22, 2016) – A Break in the Fever of A Sick Stock Market

(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

Cocoa, A King Among Commodities, Finally Gives Way to A Ripe Buying Opportunity

I last wrote about cocoa in July, 2015 in a piece called “Even Cocoa Starts to Waver In the Face of the Collapse In Commodities.” I wrote that iPath Bloomberg Cocoa SubTR ETN (NIB) had met my price target for selling, and I awaited my next entry point. I passed up two subsequent dips, but … Read more

T2108 Update (January 8, 2016) – Looking for Trading Opportunities Even As Oversold Conditions Deepen

(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

FXCM Warns of Increased Currency Risks

“We believe there is a chance of disruption and highly illiquid conditions in the forex market during the coming weeks (and/or months). Please be aware that market gaps tend to occur over the weekend – that is, currencies trade at prices considerably distant from previous levels.” This is the warning FXCM, Inc. (FXCM) sent out … Read more

A Nervous Market Pushes Out the Next Fed Rate Hike

For what I think is the first time since the Fed rate hike in December, the market pushed out the timing of the next rate hike. Source: CME Group FedWatch The presumed change in heart has come from the trading chaos in China. Back in September, the Fed used out-sized volatility coming from China’s devaluation … Read more

The Japanese Yen Flashes Red for 2016

Trading is off to a rough start in the new year. China kicked off the fireworks for 2016 with a trading halt. From Bloomberg: “The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation’s new market circuit breakers to … Read more

The U.S. Dollar Should Remain On Center Stage Despite Market Tentativeness

The U.S. dollar index ended 2015 on a strong note, but it has yet to develop any post-Fed momentum. Of the ten trading days following the rate hike from the U.S. Federal Reserve, the index has closed below that day’s intraday high five days. Notably, the intraday LOW of that day is still holding strong … Read more

T2108 Update (December 29, 2015) – A Convergence of Indicators May Signal A Firming Market

(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 (December 17, 2015) – The S&P 500 Makes A Reverse Power Move

(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 (December 16, 2015) – The S&P 500 Makes A Power Move

(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