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…
(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
On April 27, 2016 I lamented that I managed to miss the next post-earnings buying point for Alcoa (AA). A second chance has appeared in the form of a retest of support at AA’s 50-day moving average (DMA). Source: FreeStockCharts.com AA broke out in late April, but the gains all came in a single one-day … 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
(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
Traders remain very confident in the strength of the Japanese yen (FXY). Net longs stayed at “maximum bullishness” even ahead of last week’s monetary policy meeting by the Bank of Japan (BoJ). Source: Oanda’s CFTC’s Commitments of Traders That boldness paid off as the BoJ failed to deliver more easing, and the yen soared. USD/JPY … Read more
Last week, the Australian dollar (FXA) was slammed by poor inflation data. Market expectations for a rate cut strengthened significantly as well. This week, the Reserve Bank of Australia (RBA) took heed and cut its cash rate from 2.0% to 1.75%. In its statement on the monetary policy decision, the RBA explained that its decision … Read more
At the current pace of trading The iShares Nasdaq Biotechnology ETF (IBB) will not likely recover its losses from the “Clinton Bash” before the November elections. The iShares Nasdaq Biotechnology ETF (IBB) failed to build on its momentum from last month’s breakout from consolidation. IBB is now clinging to support at its 50-day moving average … Read more
{edited June 17, 2016 to add more commentary and clarity} Warren Buffett, CEO of the legendary Berkshire Hathaway, rightfully sits among the most respected and highly regarded business leaders in American history. When Buffett talks, his words matter: his opinions can shape minds and drive business practices. Buffett’s influence and potential for tremendous good turn … Read more