ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on March 14, 2012. Click here to read the entire piece.) For the past few years, trying to call a top in Treasurys has been a fool’s game. From the manipulation of the Federal Reserve to fears of deflation to fears of … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 63% VIX Status: 15.3% … Read more
Clearly, I am not yet bearish enough on the Japanese yen. When the U.S. dollar last traded at 100 versus the Japanese yen (USD/JPY), the dollar completed a 12.7% rally from its lows in December, 2008 and January, 2009. This was also the last time the U.S. dollar generated as large and sustained a rally … Read more
Someone forgot to tell the Australian dollar that financial markets are in “risk on” mode. While the Australian dollar is still up for the year against the U.S. dollar, it continues to lag the S&P 500 (SPY) by a greater and greater distance. The Aussie is now up 2.6% versus the U.S. dollar whereas the … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 73% VIX Status: 14.7% … Read more
Apple, Inc. (AAPL) is now up an incredible 36% for the year. Even more incredible, the stock has spent much of the year rallying in nearly straight lines, straight up. This rally has been so powerful that even the major bearish reversal in mid-February looks like a blip well-contained within a strong uptrend. The small … Read more
In late January, I made the case for investing in Dynex Capital (DX) as one way to bet on a recovery for housing starting that I believe will begin in earnest next year. DX had dipped at the time on news of a stock offering to raise more capital. As anticipated, DX did eventually recover … Read more
Over the past several weeks, I have been trying out a visual application for the stock market called StockTouch. The application was provided to me for free in exchange for a review. The video at the end of this piece provides an excellent summary of the application’s catchy and powerful features, so I am focusing … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 69% VIX Status: 17.1 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 7, 2012. Click here to read the entire piece.) When Energy Conversion Devices (ENERQ.PK) filed for bankruptcy in mid-February, I wrote “The Solar Fun Is Done For Now.” I should have also said that the “horror show has just begun” … Read more