{"id":20761,"date":"2013-12-18T20:37:47","date_gmt":"2013-12-19T04:37:47","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=20761"},"modified":"2013-12-19T07:13:03","modified_gmt":"2013-12-19T15:13:03","slug":"t2108-update-131218","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/","title":{"rendered":"T2108 Update (December 18, 2013) &#8211; Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering"},"content":{"rendered":"<p>(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 <a href=\"http:\/\/www.drduru.com\/money\/T2108.htm\">T2108 Resource Page<\/a>. You can <a href=\"http:\/\/twitter.com\/#!\/search\/%23T2108\">follow real-time T2108 commentary<\/a> on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using <a href=\"http:\/\/twitter.com\/#!\/search\/%23120trade\" target=\"_blank\">the #120trade hashtag<\/a>)<\/p>\n<p><strong>T2108 Status<\/strong>: 45.9% (20.4% increase)<br \/>\n<strong>VIX Status<\/strong>: 13.8 (14.9% drop)<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: Aggressive traders still experiencing whiplash around the 1800 pivot. Overall bias switches to bullish and will stay there unless\/until market reverses all its post-Fed gains.<br \/>\n<strong>Active T2108 periods<\/strong>: Day #116 over 20% (overperiod), Day #12 under 50%, Day #29 under 60%, Day #34 under 70%<\/p>\n<p><strong>Reference Charts<\/strong> (click for view of last 6 months from Stockcharts.com):<br \/>\n<a title=\"6-month chart of the S&amp;P 500\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$SPX&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of SDS\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p15880085697\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&amp;P500)<br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p25615696567\" target=\"_blank\">U.S. Dollar Index<\/a> (volatility index)<br \/>\n<a title=\"6-month chart of EEM\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=EEM&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p15880085697\" target=\"_blank\">EEM<\/a> (iShares MSCI Emerging Markets)<br \/>\n<a title=\"6-month chart of the VIX\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$VIX&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p25615696567\" target=\"_blank\">VIX<\/a> (volatility index)<br \/>\n<a title=\"6-month chart of VXX\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=VXX&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p15880085697\" target=\"_blank\">VXX<\/a> (iPath S&amp;P 500 VIX Short-Term Futures ETN)<br \/>\n<a title=\"6-month chart of EWG\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=EWG&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p15880085697\" target=\"_blank\">EWG<\/a> (iShares MSCI Germany Index Fund)<br \/>\n<a title=\"6-month chart of CAT\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=CAT&amp;p=D&amp;st=2013-06-18&amp;en=2013-12-18&amp;id=p15880085697\" target=\"_blank\">CAT<\/a> (Caterpillar)<\/p>\n<p><strong>Commentary<\/strong><br \/>\nThe S&#038;P 500 (SPY) is above 1800 yet again in dramatic fashion. The index closed the day at a marginal new all-time high with a 1.7% gain. All the gains came after <a href=\"http:\/\/www.federalreserve.gov\/newsevents\/press\/monetary\/20131218a.htm\" target=\"_blank\">the Federal Reserve announced a tease of a taper by shaving a little &#8220;edge&#8221; off its bond buying program<\/a> and promising to keep rates low for what now almost seems like an eternity. It reads like a sample-sized tapering: just enough to signal to the markets a change in direction, but not enough to have any real impact on anything. The market was a bit indecisive in the wake of the announcement as the index first dipped to its 50DMA before shooting upward like a rocket.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_20762\" aria-describedby=\"caption-attachment-20762\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png\" alt=\"This 15-minute chart shows the dramatic post-Fed move in the markets\" width=\"550\" height=\"375\" class=\"size-full wp-image-20762\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20762\" class=\"wp-caption-text\">This 15-minute chart shows the dramatic post-Fed move in the markets<\/figcaption><\/figure><\/p>\n<p><figure id=\"attachment_20763\" aria-describedby=\"caption-attachment-20763\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500.png\" alt=\"The S&amp;P 500 bounces sharply in picture-perfect fashion off its 50DMA\" width=\"500\" height=\"350\" class=\"size-full wp-image-20763\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-20763\" class=\"wp-caption-text\">The S&#038;P 500 bounces sharply in picture-perfect fashion off its 50DMA<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>This looks like <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/12\/09\/t2108-update-131209\/\" target=\"_blank\">upside resolution<\/a> all over again. The bias flips right back to the upside especially with T2108 putting on a strong showing from what were another set of quasi-oversold conditions. Note that <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/12\/11\/t2108-update-131211\/\" target=\"_blank\">the T2108 Trading Model (TTM) accurately anticipated another day of selling<\/a> after the quasi-oversold conditions were met. However, looking back, we find ourselves with yet another resounding example of the power of quasi-oversold conditions in an uptrend: an eventual recovery, often sharp, from the previous selling. At this point, I am not even sure what it will take for this market to drop to TRUE oversold conditions (T2108 at or below 20%)! T2108 was last oversold in June &#8211; 116 trading days ago (the 20% overperiod). <\/p>\n<p>While I was VERY surprised by the strength of the market post-Fed, I was not surprised by the collapse in volatility in the wake of the Fed. As I mentioned in <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/12\/11\/t2108-update-131211\/\" target=\"_blank\">the last T2108 Update<\/a>, I bought puts on ProShares Ultra VIX Short-Term Futures ETF (UVXY) in anticipation of an implosion in volatility leading into or in the immediate wake of the Fed announcement.  Given the strong move in the S&#038;P 500, I decided to hold the puts instead of selling them immediately as I originally planned. Assuming the market follows through in the coming week or two, volatility will go even lower from here and UVXY will suffer mightily. The VIX plunged 14.9%, and UVXY fell by a similar amount.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_20766\" aria-describedby=\"caption-attachment-20766\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_VIX.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_VIX.png\" alt=\"The VIX PLUNGES\" width=\"550\" height=\"375\" class=\"size-full wp-image-20766\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_VIX.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_VIX-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20766\" class=\"wp-caption-text\">The VIX PLUNGES<\/figcaption><\/figure><\/p>\n<p><figure id=\"attachment_20767\" aria-describedby=\"caption-attachment-20767\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_UVXY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_UVXY.png\" alt=\"UVXY also plunges - to fresh all-time lows\" width=\"550\" height=\"375\" class=\"size-full wp-image-20767\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_UVXY.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_UVXY-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20767\" class=\"wp-caption-text\">UVXY also plunges &#8211; to fresh all-time lows<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The impact in foreign exchange was equally dramatic on an intraday basis. The fireworks were enhanced by a very strong employment report from the United Kingdom overnight. I will have to dedicate an entire post to the intriguing forex implications of this post-taper era. I will just say for now that I have an intense focus on the euro (FXE) right now as I consider it incredibly over-valued. It has been beating up on almost all major currencies in recent weeks and even months. In particular, its out-performance against the U.S. dollar and the British pound is long overdue for a major rollback. Note that the euro is still above its level after the ECB CUT rates in early November&#8230;<\/p>\n<p><center><br \/>\n<figure id=\"attachment_20769\" aria-describedby=\"caption-attachment-20769\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD-intraday.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD-intraday.png\" alt=\"The euro actually managed to rally against the U.S. dollar before sinking like a stone post-Fed\" width=\"550\" height=\"375\" class=\"size-full wp-image-20769\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD-intraday.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD-intraday-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20769\" class=\"wp-caption-text\">The euro actually managed to rally against the U.S. dollar before sinking like a stone post-Fed<\/figcaption><\/figure><\/p>\n<p><figure id=\"attachment_20768\" aria-describedby=\"caption-attachment-20768\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD.png\" alt=\"While the euro reacted as I thought it should after taper starts, it is still well above where it was when ECB cut rates. EUR\/USD may have printed a firm double top however....\" width=\"550\" height=\"375\" class=\"size-full wp-image-20768\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_EURUSD-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20768\" class=\"wp-caption-text\">While the euro reacted as I thought it should after taper starts, it is still well above where it was when ECB cut rates. EUR\/USD may have printed a firm double top however&#8230;.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p><center><br \/>\n<strong>Daily T2108 vs the S&#038;P 500<\/strong><br \/>\n<img loading=\"lazy\" decoding=\"async\" title=\"T2108 vs. the S&amp;P 500 (DAILY)\" alt=\"T2108 vs. the S&amp;P 500 (DAILY)\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" width=\"500\" height=\"350\" \/><br \/>\n<\/center><\/p>\n<p>Black line: T2108 (measured on the right); Green line: S&amp;P 500 (for comparative purposes)<br \/>\nRed line: T2108 Overbought (70%); Blue line: T2108 Oversold (20%)<\/center><\/p>\n<p><center><br \/>\n<strong>Weekly T2108<\/strong><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\"><img loading=\"lazy\" decoding=\"async\" title=\"Weekly T2108\" alt=\"Weekly T2108\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\" width=\"500\" height=\"350\" \/><br \/>\n*<strong>All charts created using <\/strong><\/a><strong><a title=\"Freestockcharts.com\" href=\"http:\/\/www.freestockcharts.com\/\" target=\"_blank\">freestockcharts.com<\/a><\/strong> unless otherwise stated<\/center><\/p>\n<p><strong>Related links:<\/strong><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/T2108.htm\">The T2108 Resource Page<\/a><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily.jpg\">Expanded daily chart of T2108 versus the S&amp;P 500<\/a><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly.jpg\">Expanded weekly chart of T2108 <\/a><\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: long SSO puts and calls, long UVXY puts, long shares in SPHB, SPLV, and VXX; net short euro, net long pound, net long U.S. dollar<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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 &#8230; <a title=\"T2108 Update (December 18, 2013) &#8211; Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[135,62],"tags":[376,28,447,1023,1094,65,226,1597,1092,303],"class_list":["post-20761","post","type-post","status-publish","format-standard","hentry","category-stock-market-trading","category-technical-analysis","tag-eurusd","tag-euro","tag-fxe","tag-implied-volatility","tag-proshares-ultra-vix-short-term-futures-etf","tag-sp-500","tag-t2108","tag-technical-analysis","tag-uvxy","tag-vix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (December 18, 2013) - Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (December 18, 2013) - Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(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\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-19T04:37:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-12-19T15:13:03+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"T2108 Update (December 18, 2013) &#8211; Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering\",\"datePublished\":\"2013-12-19T04:37:47+00:00\",\"dateModified\":\"2013-12-19T15:13:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/\"},\"wordCount\":871,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/131218_SP500-intraday.png\",\"keywords\":[\"EUR\\\/USD\",\"Euro\",\"FXE\",\"implied volatility\",\"ProShares Ultra VIX Short-Term Futures ETF\",\"S&amp;P 500\",\"T2108\",\"Technical Analysis\",\"UVXY\",\"VIX\"],\"articleSection\":[\"Stock Market Trading\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/\",\"name\":\"T2108 Update (December 18, 2013) - Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/131218_SP500-intraday.png\",\"datePublished\":\"2013-12-19T04:37:47+00:00\",\"dateModified\":\"2013-12-19T15:13:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/131218_SP500-intraday.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/12\\\/131218_SP500-intraday.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/12\\\/18\\\/t2108-update-131218\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T2108 Update (December 18, 2013) &#8211; Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"T2108 Update (December 18, 2013) - Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/","og_locale":"en_US","og_type":"article","og_title":"T2108 Update (December 18, 2013) - Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(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","og_url":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2013-12-19T04:37:47+00:00","article_modified_time":"2013-12-19T15:13:03+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"T2108 Update (December 18, 2013) &#8211; Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering","datePublished":"2013-12-19T04:37:47+00:00","dateModified":"2013-12-19T15:13:03+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/"},"wordCount":871,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png","keywords":["EUR\/USD","Euro","FXE","implied volatility","ProShares Ultra VIX Short-Term Futures ETF","S&amp;P 500","T2108","Technical Analysis","UVXY","VIX"],"articleSection":["Stock Market Trading","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/","url":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/","name":"T2108 Update (December 18, 2013) - Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png","datePublished":"2013-12-19T04:37:47+00:00","dateModified":"2013-12-19T15:13:03+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/12\/131218_SP500-intraday.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/12\/18\/t2108-update-131218\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"T2108 Update (December 18, 2013) &#8211; Upside Resolution Redux As Fed Rolls Out A Sample-Sized Tapering"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/20761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=20761"}],"version-history":[{"count":7,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/20761\/revisions"}],"predecessor-version":[{"id":20774,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/20761\/revisions\/20774"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=20761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=20761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=20761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}