ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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.) T2108 Status: 33% and neutral. VIX Status: 20; completely erased all gains from the oversold period. General (Short-term) Trading Call: Hold (or lock in some profits to allow you the comfort … Read more
BitCoin HackCrash Raises Doubts About Viability of Virtual Currency – CNBC The dramatic crash in the value of BitCoins on the most popular exchange for trading the electronic currency-substitutes highlighted the dangers investors face when dealing in BitCoins. The value of BitCoins dropped on Sunday from $17 each to just pennies on the most popular … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Last week, an article from China Daily titled “Rare-earth supplies expected to grow” was blamed for the weakness in several rare earth stocks like Molycorp and Lynas Corp. Ltd on June 16th. The article contains … Read more
(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.) T2108 Status: 25% and neutral. VIX Status: 20; reversed gains from the last day of last oversold period. General (Short-term) Trading Call: Hold. Commentary T2108 rose slightly to 25% on another … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) GT Solar (SOLR) is one of the few companies, and just about the only solar company, that has survived the May-June correction in the general market. The stock has managed to stay on an uptrend … Read more