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]. 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
The reaction caught me completely off-guard. On September 6th, the USD ISM Non-Manufacturing/Services Composite for August came in at 51.3, well below “expectations” of 54.9 and the lowest reading since February, 2010. The reaction was swift in financial markets. The 30-day Fed Fund futures pushed out the next rate hike from December, 2016 (54.2%) to … 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
The last Housing Market Review covered data reported in July for June, 2016. At the time, a disappointing GDP report sharply rejected the iShares US Home Construction ETF (ITB) off a 9-year high. Fortunately, there was very little follow-through to the selling. When ITB rallied strongly on new home sales, the ETF recovered most of … Read more
Solar stocks have had a rough 2016. Solar City (SCTY) seems doomed to join the long line of troubled companies that fell from grace. The stock is down 64% year-to-date and has traded with a downward bias since its all-time high in February, 2014. Source: FreeStockCharts.com Tesla Motors (TSLA) is trying to come to the … Read more