ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In late February, I lamented that TBT, the Pro Shares UltraShort 20+ Year Treasury ETF, was careening toward a retest of the 200-day moving average (DMA) that it would lose. After three more weeks, the anticipated retest finally occurred, and TBT survived. *Chart created using TeleChart: The retest of the 200DMA was a great reminder … Read more
I have watched the rare earth (RE) space with a lot of interest over the past 7 months or so. It is an industry where technical knowledge very often translates into effective investment action. I have been very fortunate to have a good friend, whom I consider to be a rare earths specialist, flood me … Read more
Several months ago, I had the opportunity to “talk shop” with a truck driver who specializes household moves. I will call him “Bob.” When Bob discovered that I write a blog dealing with trading and investing in financial markets, he asked me for my forecast for the economy. I did not have anything good to … Read more
Stock Rally Still Hasn't Lured Average Investors From Sidelines – CNBC Retail investors redeemed about $7 billion in equity funds during March—$4.6 billion from mutual funds and $2.4 billion from exchange-traded funds—even as the hedge funds upped their investments, according to TrimTabs. (tags: stock_market trading_strategy)
The S&P 500 has rebounded sharply from its March lows with a 6% gain in a little over two weeks. The short-term uptrend has met very little resistance as buyers have interpreted the recent sell-off as an opportunity to accumulate shares. This move has also flipped T2108, the percentage of stocks trading above their 40-day … Read more