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. 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: 70% (thirteenth day of … Read more
The gold bubble continues to “unpop.” In fact, as it turns out, the recent dip in gold was just a pullback to trend. This three-year weekly chart puts some perspective on the recent pullback. Source: stockcharts.com While gold skeptics were declaring that gold’s “bubble” had popped again, the Chinese were busy scooping up the yellow … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) Mark Smith, CEO of rare earth miner and producer Molycorp (MCP), appeared on CNBC again to discuss his company’s business and conditions in the industry. Smith provided an interesting “sneak peak” … Read more
On November 7, 2011, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) appeared on CNBC again to talk about recession. Achuthan was very adamant in his insistence that the business cycle simply could not be reversed from its downward course. The talking points almost sounded like a campaign. It included precious gems like “divergence … 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: 84% (eleventh day of … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) Call it a minor victory for Japanese Finance Minister Jun Azumi who declared his country is in “a war of nerves” with markets over the value of its currency given the … Read more
In January, 2009, I conducted a detailed historical analysis of overbought conditions in the stock market (see “Using the Percentage of Stocks Trading Above Their 40DMAs (T2108) to Identify Overbought Conditions on the S&P 500“). At the time, the S&P 500 was at historically extreme overbought levels just two months ahead of its sickening drop … Read more
During a conference call on September 14th, investors urged Great Western Minerals Group (GWMGF.PK) President and CEO Jim Engdah to fill the company’s financing needs with a share offering. They preferred dilution to the potential of selling the company short in an offtake deal. They insisted time was of the essence while the stock was … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) {snip} Today, I am going to try again to make the case that LPS is potentially turning around. Here are the main points and observations: Short interest is down 34% from … Read more
Robert Reich recently asked “Which do you trust more: democracy or financial markets?” His article was written in response to Greek Prime Minister George Papandreou’s proposal to hold a national referendum on whether to accept the conditions of a bailout on their unserviceable government loans. He concludes the piece asking readers whether we should “…rule … Read more