ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
The trade on a rangebound United States Oil (USO) is now failing (see “The Commodities Crash Accelerates: Scenarios for Trading Oil” for a description). Oil has continued its collapse past the historic 2009 lows and has helped to drive USO to fresh all-time lows. Source: US. Energy Information Administration, Crude Oil Prices: West Texas Intermediate … Read more
I am extending a hat tip to a friend who sent the following Seeking Alpha news alert on what must be the most bearish prediction on oil out there from a major analyst…. “The recent surge in oil prices is just a ‘head fake’ and West Texas crude as cheap as $20/bbl may soon be … Read more
(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