{"id":8500,"date":"2011-11-30T21:27:55","date_gmt":"2011-12-01T02:27:55","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=8500"},"modified":"2011-12-01T09:12:30","modified_gmt":"2011-12-01T14:12:30","slug":"t2108-update-111130","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/","title":{"rendered":"T2108 Update &#8211; November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)"},"content":{"rendered":"<p>(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 the #120trade hashtag)<\/p>\n<p><strong>T2108 Status<\/strong>: 65%<br \/>\n<strong>VIX Status<\/strong>: 28<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: Identify stocks for shorting on failure at resistance. Otherwise hold.<\/p>\n<p><strong>Commentary<\/strong><br \/>\nSo many positive headlines and catalysts today! Yet, as usual, I will not refer to them for interpreting the market&#8217;s short-term direction. Note well that I DO read and follow the fundamentals (see other posts for example), but the T2108 Update is much more about interpreting what the market IS doing and not what it SHOULD be doing. T2108 Update focuses on following simple rules that help traders tune out the noise of the headlines.<\/p>\n<p>Anyway, after today&#8217;s open, I figured T2108 would soar, but the near DOUBLING to 65% knocked me right off my rocker. In <a href=\"http:\/\/drduru.com\/onetwentytwo\/2011\/11\/29\/t2108-update-111128\/\" target=\"_blank\">Monday&#8217;s update<\/a>, I noted that the S&#038;P 500 has established a pattern of at least 1-day follow-through to strong rally days. Today&#8217;s continued follow-through and STRONG close was about as loud and convincing as a trader can hope for! Once again, I find myself lamenting T2108&#8217;s inability to officially swing oversold before this wonderful upside ignited, but I do feel huge relief that I was advising taking some profits on bearish positions during the last swoon. Obviously, my revised downside forecast for T2108 to go oversold before flipping overbought is essentially invalidated. I got a little over eager after my previous forecast to hit the 20-30% range proved correct!<\/p>\n<p>So what now? T2108 is almost overbought again, and, to me, the danger signs are screaming even louder everywhere I look under the covers. These monster gains from just two days of trading (Monday and Wednesday) seem almost certain to have an identical, evil twin waiting with open, mischievous arms sometime soon. Just like Monday, the euro faded all day against the U.S. dollar even as the S&#038;P 500 held firm and rallied further. The euro ended the U.S. trading day retesting Tuesday&#8217;s highs. Not a bad showing, but not a strong vote of confidence either. Accordingly, the U.S. dollar drifted slowly upward for most of the day. It closed down but remains firmly planted within the current upward trend channel and even above the rising 50DMA. As a reminder, a close below this channel swings my bias closer to the bullish camp (on stocks).<\/p>\n<p>The chart below of EUR\/USD is divided into 15-minute increments to show the intraday trading action.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_8504\" aria-describedby=\"caption-attachment-8504\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.png\" alt=\"Euro&#039;s volatility is likely taking out the stops of shorts, but can the euro advance continue once shorts finish covering?\" title=\"Euro&#039;s volatility is likely taking out the stops of shorts, but can the euro advance continue once shorts finish covering?\" width=\"500\" height=\"350\" class=\"size-full wp-image-8504\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-8504\" class=\"wp-caption-text\">Euro&#039;s volatility is likely taking out the stops of shorts, but can the euro advance continue once shorts finish covering?<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_8505\" aria-describedby=\"caption-attachment-8505\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_DXY0.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_DXY0.png\" alt=\"Dollar is still trending upward for now\" title=\"Dollar is still trending upward for now\" width=\"500\" height=\"350\" class=\"size-full wp-image-8505\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_DXY0.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_DXY0-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-8505\" class=\"wp-caption-text\">Dollar is still trending upward for now<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The S&#038;P 500&#8217;s next test is the double resistance of the former support from 2011&#8217;s earlier lows and a now declining 200DMA. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_8507\" aria-describedby=\"caption-attachment-8507\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_SP500.png\" alt=\"The S&amp;P 500 has another rendezvous with stiff resistance\" title=\"The S&amp;P 500 has another rendezvous with stiff resistance\" width=\"500\" height=\"350\" class=\"size-full wp-image-8507\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_SP500.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_SP500-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-8507\" class=\"wp-caption-text\">The S&P 500 has another rendezvous with stiff resistance<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>In favor of the bulls is the large surge in buying volume that sliced the index right through presumed resistance at the 50DMA (recall my commentary regarding the weakness of the 50DMA as demonstrated by the feeble support it provided last week as the market dropped out of overbought conditions).<\/p>\n<p>I tweeted all day about danger signs indicating this rally had weak underpinnings. Looking back, I realize now that I was seeking confirmation of my bias. After looking at a variety of individual stocks, I see tremendous divergence in performances. This is definitely NOT a time to overplay T2108 using individual stocks. Indices will be much more reliable. Having said that, weakness in Best Buy (BBY) &#8211; it faded from resistance at the 200DMA for a LOSS of 2.8% on the day &#8211; caught my close attention. Amazon (AMZN) faded from the open and actually lost ALL its gains at one point before reluctantly clawing back to a 2% close. AMZN remains below BOTH its 50 and 200DMAs. Finally, Apple (AAPL) disappointed with a &#8220;paltry&#8221; 2.4% gain making for relatively weak performance given Intel (INTC) surged 5.6% and the NASDAQ gained 4.1%. (For my last post on BBY, see &#8220;<a href=\"http:\/\/drduru.com\/onetwentytwo\/2011\/10\/16\/best-buy-widening-wedge\/\" target=\"_blank\">Chart Review: Best Buy\u2019s Widening Wedge<\/a>.&#8221; Note that I decided to sell my shares into the last rally.)<\/p>\n<p><center><br \/>\n<figure id=\"attachment_8508\" aria-describedby=\"caption-attachment-8508\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_BBY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_BBY.png\" alt=\"Best Buy fades hard from stiff resistance at the 200DMA\" title=\"Best Buy fades hard from stiff resistance at the 200DMA\" width=\"500\" height=\"350\" class=\"size-full wp-image-8508\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_BBY.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_BBY-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-8508\" class=\"wp-caption-text\">Best Buy fades hard from stiff resistance at the 200DMA<\/figcaption><\/figure><br \/>\n<br \/>\nThis chart of Aamazon is divided into 30-minute increments.<br \/>\n<figure id=\"attachment_8509\" aria-describedby=\"caption-attachment-8509\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_AMZN-intraday.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_AMZN-intraday.png\" alt=\"AMZN has made no more progress this week and even lost ALL its intraday gains in the first 30 minutes of Wednesday&#039;s trading and faded again into the close. Only the last 30 minutes saved the day.\" title=\"AMZN has made no more progress this week and even lost ALL its intraday gains in the first 30 minutes of Wednesday&#039;s trading and faded again into the close. Only the last 30 minutes saved the day.\" width=\"500\" height=\"350\" class=\"size-full wp-image-8509\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_AMZN-intraday.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_AMZN-intraday-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-8509\" class=\"wp-caption-text\">AMZN has made no more progress this week and even lost ALL its intraday gains in the first 30 minutes of Wednesday&#039;s trading and faded again into the close. Only the last 30 minutes saved the day.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>On the bullish side, Google (GOOG) continues to bounce well off the double support from the 50 and 200DMAs. GOOG has held onto its last post-earnings gap up.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_8511\" aria-describedby=\"caption-attachment-8511\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_GOOG.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_GOOG.png\" alt=\"GOOG&#039;s triple supports hold firm\" title=\"GOOG&#039;s triple supports hold firm\" width=\"500\" height=\"350\" class=\"size-full wp-image-8511\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_GOOG.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_GOOG-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-8511\" class=\"wp-caption-text\">GOOG&#039;s triple supports hold firm<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Finally, the VIX lost a whopping 9% and closed under 30 again. Since the August swoon, the VIX has spent little time under 30. I fully expect a repeat performance. To that end, I took advantage of the 9% drop in VXX to buy more calls. This time, I chose calls expiring in mid-December since the odds have substantially increased for upside versus more downside over these next 2 1\/2 weeks.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_8512\" aria-describedby=\"caption-attachment-8512\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_VIX.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_VIX.png\" alt=\"The VIX has a current bias to stay above 30\" title=\"The VIX has a current bias to stay above 30\" width=\"500\" height=\"350\" class=\"size-full wp-image-8512\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_VIX.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_VIX-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-8512\" class=\"wp-caption-text\">The VIX has a current bias to stay above 30<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Note well that I am still NOT getting aggressively bearish. I am assuming this rally will end at the 200DMA resistance, but I am content to wait until sellers &#8220;prove it&#8221; and\/or T2108 closes in official overbought territory (70% or higher) before substantially increasing bearish positions. T2108 at 80% or more will make me aggressively bearish (following confirmation of an important lesson from the last overbought period!).<\/p>\n<p><strong>Some reading of interest in light of today&#8217;s trading:<\/strong><\/p>\n<p>Bespoke Investment Group suggests that buyers are rushing to &#8220;junk&#8221; stocks for quick trades. This kind of burst in speculative activity is usually considered a sign of a short-lived rally. See &#8220;<a href=\"http:\/\/www.bespokeinvest.com\/thinkbig\/2011\/11\/30\/extreme-bottom-feeding-this-week.html\" title=\"Extreme Bottom Feeding This Week\" target=\"_blank\">Extreme Bottom Feeding This Week<\/a>.&#8221;<\/p>\n<p>&#8220;Frustrated by market volatility over the European debt crisis and uncertain U.S. economic outlook, the so-called smart money-hedge funds-has thrown in the towel for 2011 and pulled out of stocks, according to fund managers, SEC filings and exchange data&#8230;Hedge funds have slashed their exposure to stocks-both on a long and short basis-to the lowest level since 2008, according to Bank of America Merrill Lynch analysis of SEC disclosures and NYSE and Nasdaq data&#8230;Their net long exposure to stocks plummeted by more than a third, the biggest drop since 2009&#8230;&#8221; See &#8220;<a href=\"http:\/\/www.cnbc.com\/id\/45475545\" title=\"Hedge Funds Dump Stocks, Hoping for Rebound in 2012\" target=\"_blank\">Hedge Funds Dump Stocks, Hoping for Rebound in 2012<\/a>.&#8221;<\/p>\n<p><center><br \/>\n<em>Charts below are the <strong>latest<\/strong> snapshots of T2108 (and the S&#038;P 500)<\/em><br \/>\nRefresh browser if the charts are the same as the last T2108 update.<br \/>\n<\/p>\n<p><strong>Daily T2108 vs the S&#038;P 500<\/strong><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" width=\"500\" height=\"350\" alt=\"T2108 vs. the S&#038;P 500 (DAILY)\" title=\"T2108 vs. the S&#038;P 500 (DAILY)\"><\/a><\/p>\n<p>Black line: T2108 (measured on the right); Green line: S&#038;P 500 (for comparative purposes)<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\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\" width=\"500\" height=\"350\" alt=\"Weekly T2108\" title=\"Weekly T2108\"><br \/>\n*<strong>All charts created using <a href=\"http:\/\/www.freestockcharts.com\/\" title=\"Freestockcharts.com\" target=\"_blank\">freestockcharts.com<\/a><\/strong> unless otherwise stated<\/a><br \/>\n<\/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&#038;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 SDS, VXX calls, net long U.S. dollar, net short euro, long Apple call, long AMZN put spread<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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: 65% VIX Status: 28 &#8230; <a title=\"T2108 Update &#8211; November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/\">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":[20,219,599,338,135,62,21],"tags":[250,495,398,350,721,720,376,28,231,230,177,65,226,1597,303,178,120],"class_list":["post-8500","post","type-post","status-publish","format-standard","hentry","category-forex","category-high-tech","category-internet","category-retail","category-stock-market-trading","category-technical-analysis","category-u-s-dollar","tag-aapl","tag-amazon-com","tag-amzn","tag-apple","tag-bby","tag-best-buy","tag-eurusd","tag-euro","tag-goog","tag-google","tag-ipath-sp-500-vix-short-term-futures","tag-sp-500","tag-t2108","tag-technical-analysis","tag-vix","tag-volatility","tag-vxx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update - November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags) - 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\/2011\/11\/30\/t2108-update-111130\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update - November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags) - 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]. 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: 65% VIX Status: 28 ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-01T02:27:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2011-12-01T14:12:30+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"T2108 Update &#8211; November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)\",\"datePublished\":\"2011-12-01T02:27:55+00:00\",\"dateModified\":\"2011-12-01T14:12:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/\"},\"wordCount\":1257,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/11\\\/111130_EURUSD.png\",\"keywords\":[\"AAPL\",\"Amazon.com\",\"AMZN\",\"Apple\",\"BBY\",\"Best Buy\",\"EUR\\\/USD\",\"Euro\",\"GOOG\",\"Google\",\"iPath S&amp;P 500 VIX Short-Term Futures\",\"S&amp;P 500\",\"T2108\",\"Technical Analysis\",\"VIX\",\"volatility\",\"VXX\"],\"articleSection\":[\"Forex\",\"High Tech\",\"Internet\",\"Retail\",\"Stock Market Trading\",\"Technical Analysis\",\"U.S. Dollar\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/\",\"name\":\"T2108 Update - November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags) - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/11\\\/111130_EURUSD.png\",\"datePublished\":\"2011-12-01T02:27:55+00:00\",\"dateModified\":\"2011-12-01T14:12:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/11\\\/111130_EURUSD.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/11\\\/111130_EURUSD.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/11\\\/30\\\/t2108-update-111130\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T2108 Update &#8211; November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)\"}]},{\"@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 - November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags) - 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\/2011\/11\/30\/t2108-update-111130\/","og_locale":"en_US","og_type":"article","og_title":"T2108 Update - November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags) - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(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: 65% VIX Status: 28 ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2011-12-01T02:27:55+00:00","article_modified_time":"2011-12-01T14:12:30+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.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":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"T2108 Update &#8211; November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)","datePublished":"2011-12-01T02:27:55+00:00","dateModified":"2011-12-01T14:12:30+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/"},"wordCount":1257,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.png","keywords":["AAPL","Amazon.com","AMZN","Apple","BBY","Best Buy","EUR\/USD","Euro","GOOG","Google","iPath S&amp;P 500 VIX Short-Term Futures","S&amp;P 500","T2108","Technical Analysis","VIX","volatility","VXX"],"articleSection":["Forex","High Tech","Internet","Retail","Stock Market Trading","Technical Analysis","U.S. Dollar"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/","url":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/","name":"T2108 Update - November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags) - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.png","datePublished":"2011-12-01T02:27:55+00:00","dateModified":"2011-12-01T14:12:30+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/11\/111130_EURUSD.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/11\/30\/t2108-update-111130\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"T2108 Update &#8211; November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)"}]},{"@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\/8500","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=8500"}],"version-history":[{"count":16,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/8500\/revisions"}],"predecessor-version":[{"id":8526,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/8500\/revisions\/8526"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=8500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=8500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=8500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}