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. Click here to read the entire piece.) {snip} …if fear is running rampant in the gold trade, it is not fear of a recession, depression, etc… Instead, it is the fear of former chairman Alan Greenspan – better yet, it is 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 Status: 6.5% (Day #3 of the current oversold period). VIX Status: 48. General (Short-term) Trading Call: Close most … Read more
Capitulation? Market Looks For Signs Selloff is Done – CNBC Money market funds over the past week have seen $70 billion in redemptions, the largest since the pivotal collapse of Lehman Brothers in September 2009, according to Bank of America Merrill Lynch data. Stocks funds saw $11.2 billion in outflows, with long-only funds losing $6.5 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) In July, I used ideas from Jeremy Grantham to lay out a case for taking advantage of a coming “commodities crash” to invest in and prepare for a future resource-constrained world: “Preparing for Profits in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Nouriel Roubini thinks the S&P downgrade could help lock the U.S. into a recession and Christina Romer wants to “swing for the fences” and respond with a massive jobs bill – Bloomberg Video: “Roubini, Rosner, … Read more
Late August has become a benchmark for the success of the Federal Reserve’s last money-printing campaign given at that time Chairman Ben Bernanke first floated the suggestion that another round of quantitative easing (QE2) was on its way (see speech at Jackson Hole, WY, August 27, 2010). I am also using this date as 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: 11% (Day #2 of the current oversold period). VIX Status: 32. General (Short-term) Trading Call: Close most … Read more
(Click here for archived articles on RIMM) Research in Motion (RIMM) has been able to buy back its shares under the current repurchase authority since July 11. The stock opened up that day and proceeded to close down 3.2%. The stock has drifted down 16.6% since then. During this time, I identified a technical pattern … Read more
Panicked Savers Now Paying for Bank Deposits – CNBC Bank of New York says it will charge 0.13 percent on accounts with an average monthly balance of more than $50 million. That's 0.03 percent above the 0.10 percent the bank pays to insure deposits with the FDIC. (tags: banking FDIC interest_rates)
(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: 13%. VIX Status: 32 General (Short-term) Trading Call: Close most bearish positions. Start building bullish positions. Commentary If you have spent the last nine months feeling like you missed … Read more