{"id":30397,"date":"2015-08-31T22:53:24","date_gmt":"2015-09-01T05:53:24","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=30397"},"modified":"2015-08-31T22:53:24","modified_gmt":"2015-09-01T05:53:24","slug":"t2108-update-150831","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2015\/08\/31\/t2108-update-150831\/","title":{"rendered":"T2108 Update (August 31, 2015) &#8211; The S&#038;P 500 Ends A Tough August With A Mix of Signals"},"content":{"rendered":"<p><code><\/code>(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 occasionally posted on twitter using <a href=\"http:\/\/twitter.com\/#!\/search\/%23120trade\" target=\"_blank\">the #120trade hashtag<\/a>. T2107 measures the percentage of stocks trading above their respective 200DMAs)<\/p>\n<p><strong>T2108 Status<\/strong>: 19.1% (briefly exited oversold period with a high of 20.3%)<br \/>\n<strong>T2107 Status<\/strong>: 23.7%<br \/>\n<strong>VIX Status<\/strong>: 28.4<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: Bullish<br \/>\n<strong>Active T2108 periods<\/strong>: Day #7 below 20% (oversold), Day #8 under 30%, Day #31 under 40%, Day #71 under 50%, Day #88 under 60%, Day #286 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=$SPX&amp;p=D&amp;st=2015-02-28&amp;en=2015-08-31&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2015-02-28&amp;en=2015-08-31&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of SDS\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&amp;p=D&amp;st=2015-02-28&amp;en=2015-08-31&amp;id=p15880085697\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&amp;P500)<br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2015-02-28&amp;en=2015-08-31&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=2015-02-28&amp;en=2015-08-31&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=2015-02-28&amp;en=2015-08-31&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=2015-02-28&amp;en=2015-08-31&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=2015-02-28&amp;en=2015-08-31&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=2015-02-28&amp;en=2015-08-31&amp;id=p15880085697\" target=\"_blank\">CAT<\/a> (Caterpillar).<\/p>\n<p><strong>Commentary<\/strong><br \/>\nT2108 made an effort to end the oversold period at six days, but my favorite technical indicator could not quite close the deal. After reaching a high of 20.3%, T2108 fell back to close at 19.1%.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_30402\" aria-describedby=\"caption-attachment-30402\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_T2108.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_T2108.png\" alt=\"T2108 briefly peaks over the oversold horizon\" width=\"550\" height=\"375\" class=\"size-full wp-image-30402\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_T2108.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_T2108-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30402\" class=\"wp-caption-text\">T2108 briefly peaks over the oversold horizon<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>It was a strange day for T2108 to make a run at ending the oversold period. The S&#038;P 500 (SPY) was never up for the day and closed down 0.8%. Ditto for the NASDAQ (QQQ).<\/p>\n<p><center><br \/>\n<figure id=\"attachment_30404\" aria-describedby=\"caption-attachment-30404\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500.png\" alt=\"The S&amp;P 500 runs out of gas and leaves behind a topping &quot;small body&quot; doji. Buyers will need to step up quickly.\" width=\"550\" height=\"375\" class=\"size-full wp-image-30404\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30404\" class=\"wp-caption-text\">The S&#038;P 500 runs out of gas and leaves behind a topping &#8220;small body&#8221; doji. Buyers will need to step up quickly.<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_30413\" aria-describedby=\"caption-attachment-30413\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500-monthly.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500-monthly.png\" alt=\"This monthly view puts August&#039;s sell-off into proper perspective. The month now looks like the &quot;natural&quot; conclusion to a year of waning momentum.\" width=\"550\" height=\"375\" class=\"size-full wp-image-30413\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500-monthly.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_SP500-monthly-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30413\" class=\"wp-caption-text\">This monthly view puts August&#8217;s sell-off into proper perspective. The month now looks like the &#8220;natural&#8221; conclusion to a year of waning momentum.<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_30409\" aria-describedby=\"caption-attachment-30409\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_NASDAQ.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_NASDAQ.png\" alt=\"The NASDAQ (QQQ) suffered the same kind of pullback as the S&amp;P 500.\" width=\"550\" height=\"375\" class=\"size-full wp-image-30409\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_NASDAQ.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_NASDAQ-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30409\" class=\"wp-caption-text\">The NASDAQ (QQQ) suffered the same kind of pullback as the S&#038;P 500.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The volatility index, the VIX, gained a healthy 9.1% that seemed well in excess of the small downtick on the S&#038;P 500. The close at 28.4 puts the VIX back into the dangerzone and primed for more upside. Following the T2108 trading strategy <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/08\/27\/t2108-update-150827\/\" target=\"_blank\">I have discussed in several earlier posts<\/a>, less aggressive traders\/investors should stand down here and wait out the action. Aggressive traders following the T2108 trading strategy should get primed for another round of trades if the VIX manages to challenge the high printed last week. I will get extremely aggressive if the VIX somehow breaks through that high. I know a double from here seems impossible, but <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/08\/25\/t2108-update-150824\/\" target=\"_blank\">last week&#8217;s massive sell-off<\/a> and subsequent massive bounce also seemed impossible just two weeks ago.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_30405\" aria-describedby=\"caption-attachment-30405\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_VIX.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_VIX.png\" alt=\"The volatility index is back in the dangerzone. Buckle up!\" width=\"550\" height=\"375\" class=\"size-full wp-image-30405\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_VIX.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_VIX-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30405\" class=\"wp-caption-text\">The volatility index is back in the dangerzone. Buckle up!<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>So how did T2108 manage to rally with BOTH major indices taking notable breathers? It had to be the commodity complex led by another surge in oil. The United States Oil ETF (USO) gained an impressive 6.8% for a third straight day of massive gains. The Energy Select Sector SPDR ETF (XLE) has enjoyed the ride. XLE gained 1.0% on the day.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_30407\" aria-describedby=\"caption-attachment-30407\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_USO.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_USO.png\" alt=\"United States Oil (USO) rallies strongly for a third straight day - resistance at the 50DMA looms overhead.\" width=\"550\" height=\"375\" class=\"size-full wp-image-30407\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_USO.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_USO-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30407\" class=\"wp-caption-text\">United States Oil (USO) rallies strongly for a third straight day &#8211; resistance at the 50DMA looms overhead.<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_30415\" aria-describedby=\"caption-attachment-30415\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_XLE.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_XLE.png\" alt=\"Energy Select Sector SPDR ETF (XLE) has rallied right into it 20DMA....a critical downtrend line that has served s stiff resistance for the entire sell-off from May.\" width=\"550\" height=\"375\" class=\"size-full wp-image-30415\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_XLE.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_XLE-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30415\" class=\"wp-caption-text\">Energy Select Sector SPDR ETF (XLE) has rallied right into it 20DMA&#8230;.a critical downtrend line that has served s stiff resistance for the entire sell-off from May.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>I am really disappointed I missed an opportunity to double up on <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/07\/27\/the-commodities-crash-accelerates-scenarios-for-trading-oil\/\" target=\"_blank\">my rangebound bet on USO<\/a> before this rally. However, my opportunity may come again soon. Not only is USO bumping up against its 50DMA overhead resistance and downwtrend, but also the volatility measure for USO, the CBOE Crude Oil Volatility Index, or OVX, jumped another 5.4%. OVX has risen on each of USO&#8217;s rally days. I THINK this counter-intuitive action warns us to expect significant downside in USO right around the corner. I am watching this one extra-closely now. Assuming USO backs down again, I am targeting about a 50% retracement of the current three days of gains.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_30408\" aria-describedby=\"caption-attachment-30408\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_OVX.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_OVX.png\" alt=\"OVX is rallying right alongside USO and oil prices.\" width=\"550\" height=\"375\" class=\"size-full wp-image-30408\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_OVX.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_OVX-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30408\" class=\"wp-caption-text\">OVX is rallying right alongside USO and oil prices.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Not even the bounceback in the U.S. dollar has slowed USO down.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_30411\" aria-describedby=\"caption-attachment-30411\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_DXY0.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_DXY0.png\" alt=\"The U.S. dollar index has bounced back from a brief breakdown. The 50DMA looms as the next level of resistance.\" width=\"550\" height=\"375\" class=\"size-full wp-image-30411\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_DXY0.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/08\/150831_DXY0-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-30411\" class=\"wp-caption-text\">The U.S. dollar index has bounced back from a brief breakdown. The 50DMA looms as the next level of resistance.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>From here, the countdown to the Federal Reserve&#8217;s highly anticipated September meeting begins in earnest&#8230;with a stop along the way at the vista point of the jobs report this Friday. Traders should not expect the market to make any progress up or down until the Fed has its say. The resulting churn and chop should frustrated bears and bulls but provide some choice trading opportunities for alert traders. Today&#8217;s strange action between the major indices, the VIX, and T2108 is probably an early sign of what is to become commonplace for the next two weeks.<\/p>\n<p>Today was a relatively calm day for my own trades given the lack of definitive signals. Here are the two most notable: 1) I accumulated more Direxion Daily Russia Bear 3X ETF (RUSS) even as I was disappointed by the wide swing from a healthy gain to a healthy loss on the day; 2) a lowball limit order on Netflix (NFLX) call options triggered as the stock took a dip to a 3% loss late in the day. <\/p>\n<p><center><br \/>\n<strong>Daily T2108 vs the S&amp;P 500<\/strong><br \/>\n<img loading=\"lazy\" decoding=\"async\" title=\"T2108 vs. the S&amp;P 500 (DAILY)\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" alt=\"\" width=\"500\" height=\"350\" \/><\/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%)<br \/>\n<\/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\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\" alt=\"Weekly T2108\" 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>The charts above are the my LATEST updates independent of the date of this given T2108 post. For my latest T2108 post <a href=\"http:\/\/drduru.com\/onetwentytwo\/tag\/t2108\/\" target=\"_blank\">click here<\/a>.<\/p>\n<p>\n<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 SVXY shares, long SSO shares and call options, long RUSS, long NFLX call options, short USO call spread, short USO put options, long and short various currencies against the 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 (August 31, 2015) &#8211; The S&#038;P 500 Ends A Tough August With A Mix of Signals\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2015\/08\/31\/t2108-update-150831\/\">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":[20,377,62,21],"tags":[536,1555,535,65,362,226,1597,1591,538,303,178,1444],"class_list":["post-30397","post","type-post","status-publish","format-standard","hentry","category-forex","category-oil","category-technical-analysis","category-u-s-dollar","tag-oil-2","tag-ovx","tag-qqq","tag-sp-500","tag-spy","tag-t2108","tag-technical-analysis","tag-u-s-dollar","tag-uso","tag-vix","tag-volatility","tag-xle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (August 31, 2015) - The S&amp;P 500 Ends A Tough August With A Mix of Signals - 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\/2015\/08\/31\/t2108-update-150831\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (August 31, 2015) - The S&amp;P 500 Ends A Tough August With A Mix of Signals - 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 ... 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