ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Dollar Index at 1-Month Low as China Warns on US Assets – CNBC The dollar fell to a one-month low against a basket of currencies on Tuesday and a record low against the Swiss franc after a Chinese official said the greenback would continue to weaken versus other major currencies. The head of the international … 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.) T2108 Status: 32% and Neutral. General Trading Call: Continue covering shorts. Identify longs for buying IF T2108 gets to official oversold territory at 20% or below. Commentary T2108 made a minor … 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.) T2108 Status: 30% and Neutral (oversold territory relative to behavior over past two years). General Trading Call: Continue covering shorts. Identify longs for buying IF T2108 gets to official oversold territory … Read more
Canada is No Haven from US Dollar Collapse – Resource Investor There are numerous reasons why the Canadian dollar will not survive a US dollar collapse: * The Canadian economy is very tied to the US economy. * The Canadian Government is intent on devaluing the Canadian dollar alongside the US. * The Bank of … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) On Friday, briefing.com reported that rumors hit the trading floors that Cisco (CSCO) might make a buyout offer for Research In Motion (RIMM). The rumor was good for a brief 2-hour or so pop before the … Read more
On Friday, PBS Newshour aired a fascinating piece called “‘Sesame Street’ Tells You How to Get to Sunnier Days Financially.” The title is quite deceptive given the valuable and revealing information and research described in this piece. Newshour provides background by citing some earlier studies on the limited financial education of Americans, our extremely low … Read more
First, Bernanke made it clear he thinks gold is not a good indicator of inflation expectations. Now, the Federal Reserve Bank of San Francisco has produced research that could convince the Fed to insulate itself from the inflation expectations of average Americans in “Household Inflation Expectations and the Price of Oil: It’s Déjà Vu All … Read more
This is a quick follow-up to my last post on Molycorp (MCP): “Molycorp Positioned for A Fresh Rally.” Sometimes, you just can’t make this stuff up. MCP has now been trailing the 50-day moving average (DMA) for three weeks. Over the last three days, MCP has touched or crossed the 50DMA only to fall back … 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.) T2108 Status: 37% and Neutral. General Trading Call: Hold. Cover some shorts. Commentary Looks like my switch back to bearish expectations proved timely as T2108 dropped to 37% and back into … 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.) T2108 Status: 42% and Neutral. General Trading Call: Hold. Identify some shorts to cover. Commentary Given that today was the stock market’s worst performance since August of last year, I should … Read more