Dr. Duru | TalkMarkets | Page 1
Self Proprietor, Ahan Analytics, LLC
Contributor's Links: Ahan Analytics One-Twenty Two
Dr. Duru Ahanotu is a graduate of Stanford University with over fifteen years of experience doing analytic modeling, executing pricing strategies through price optimization, and implementing, developing, and selling enterprise software. He adds to this industry experience another five overlapping ...more

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T2108 Update – Scratching At Overbought Levels As Currency Markets Fire A Warning Shot
After crossing overbought territory on Friday, T2108 has inched higher the last two days…and yet has STILL failed to close at or above the 70% threshold that marks overbought conditions.
Australian Dollar Loses Steam From Surprise China Rate Cut
The latest disturbance of equilibrium in the Australian dollar was the surprise rate cut from China's central bank.
T2108 Update – Overbought For A Hot Minute With Breakout Charts Galore
On Friday, T2108 experienced a brief encounter with overbought conditions (70% or higher). My favorite technical indicator reached as high as 71.3% before settling in for a close of 68.3%.
T2108 Update – A Buy Point For Alibaba, A Breakdown For Netflix
T2108 closed slightly down at 62.8% and is now on an 11th day levitating above 60% without hitting overbought levels.
T2108 Update – Onward And Upward
T2108 closed marginally higher at 64.3% and so just barely avoided another bearish divergence.
T2108 Update – Apple Watch: An Important Fade From All-Time Highs
The wait for a resolution between the forces of a bearish divergence and a bullish coiled spring continue even as the S&P 500 continues making very marginal closing all-time highs.
T2108 Update – A Coiled Spring Or A Bearish Divergence
This week’s pattern of evening stars matter a lot more because at the same time T2108 closed down ominously just short of overbought (70% or higher) – a little similar to what happened in September.
T2108 Update – The Ali Rah Rah Pop
At 65.1%, T2108 is just barely higher than it was a week ago.
A Major Breakout For Whole Foods Market
I first identified a potential bottom in Whole Foods Market (WFM) back in July. The following month I became even more convinced of a bottom after a rumor of Carl Icahn’s involvement allowed me to sell another round of call options at a nice profit.
T2108 Update – A Market Launching Pad
T2108 closed at 63.2% so no overbought conditions to increase the drama of the U.S. jobs report for October.
Apple Drives Australian Retail Sales, Trade Balance Worsens, And Reserve Bank Stays Steady
Tuesday morning in Australia was a busy time for economic news.
T2108 Update – Close Calls And A Pause In The Action
T2108 closed down at 59.7%. Given it has stalled right where it topped out in early September, I have to sit up straight and stay on alert again.
T2108 Update – Risk Happens Fast…Even To The Upside
While bulls have every reason to be excited here, I should duly note that the rally is finally reaching toward overbought levels. At the current rate, T2108 will hit overbought just in time for Friday’s U.S. jobs report.
Oil Has Been A Poor Leading Indicator For (Recent) Recessions
Every time oil drops these days, I notice hand-wringing about whether the fall indicates a recession is somewhere close on the horizon. There is an intuitive appeal to this assumption.
T2108 Update – An S&P 500 Breakout To The Upside Target – Now What?
The bears failed the test…miserably. As I anticipated from my last T2108 Update, the major indices were indeed setup for a major breakout above their 50DMAs.
Finally Stepping In To Start Buying IShares MSCI Brazil Capped ETF
The iShares MSCI Brazil Capped ETF (EWZ) has fallen rapidly from a 16-month high to a retest of 2014 lows in just seven weeks.
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