ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Lately, it seems I have been pointing out more and more stocks in breakout formations. It makes the skeptic in me a little wary and nervous, but I will keep rolling with what works. And steel stocks have finally started working over the past month. I have to assume that the market is seeking out … Read more
Last week, I mentioned that I had not yet decided on my re-entry strategy for gold and silver. I remain in neutral as gold, silver, and the dollar index churn in various holding patterns (using GLD and SLV as proxies for gold and silver respectively). GLD is right where it was two months ago. SLV … Read more
When Bill Gross declared a top in the bond market, MUB, the iShares S&P National Municipal Bond ETF, was still riding high between $105 and $106. Almost three weeks later, MUB cratered to 16-month lows, loudly declaring that the gravy train in munis had likely ended. Over the course of the past month, MUB experienced … Read more
As the stock market continues its slow and steady creep upward, individual stocks experiencing technical breakouts are providing strong relative performance. Last week, I noted that U.S. Steel finally broke above its 200-day moving average (DMA), and it continues to barrel upward. On Tuesday, I took particular interest in three other potentially important breakouts: Whirlpool … Read more
EARLY LOOK: Mandelbrot Math (Hedgeye Blog) Altogether, if you take the beginning and end of 2010, you can draw plenty of conclusions that are now crystal clear. From my global macro model’s vantage point, the deep simplicity of all of these global macro factors and what they mean prospectively to the global markets remains as … Read more