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 July 21, 2016. Click here to read the entire piece.) The post-Brexit run-up in the SPDR Gold Shares (GLD) ended today. Source: FreeStockCharts.com The entire post-Brexit gap could easily fill if current momentum in other gold-related indicators continues. {snip} Source: CME … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 13, 2016. Click here to read the entire piece.) And so ends the flurry of sentiment on Brexit. The Google Trends chart makes “Brexit” look like a big anxiety bubble. While sentiment has calmed down, the British pound (FXB) is … Read more
“Faint and quaint” is how I am starting to describe the initial panic and consternation of financial markets resulting from the UK’s decision to exit from the European Union (EU), aka Brexit. The S&P 500 (SPY) now logs new all-time highs as if nothing ever happened. Yet, a rapid consensus has grown around reducing forecasts … 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
(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