ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(Originally published in Inflation Watch) Under Alan Greenspan, the Federal Reserve was known to stand on the sidelines while bubbles in asset prices grew and grew. Greenspan had a lot more faith in the Federal Reserve’s ability to mop up the subsequent mess caused by a bubble’s collapse than in its ability to stop a … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 49% VIX Status: 33 (rose back into previous trading range) General (Short-term) Trading Call: Hold Commentary On … Read more
The saga of Best Buy’s bottom has now developed in a strange fashion. For two months now, I have maintained a laser focus on the buying opportunity in Best Buy (BBY) stock based on some stabilization around the 2009 lows. In the last post, I pointed out that sellers may have finally been washed out … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 61% VIX Status: 28 General (Short-term) Trading Call: Close a few bullish positions in case trading range … Read more
In my T2108 Update on October 5, I asked whether the last bear market would really last just one day (so far, so good!). In that post, I noted that Wynn Resorts Limited (WYNN) had suffered an important breakdown and concluded: “This breakdown swiftly moves WYNN from the bullish camp into the bearish camp. On … Read more