ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Single-family new home sales began the year with a bang. Sales for January and February soared year-over-year and continued the post-recession breakout that occurred in December, 2014. Sales have trickled downward ever since. Source: US. Bureau of the Census, New One Family Houses Sold: United States [HSN1F], retrieved from FRED, Federal Reserve Bank of St. … Read more
The U.S. Dollar index hit 100 on an intraday basis for the first time since March 16th, the day after the index closed at a 12-year high. The index faded back to a close of 99.73 at the end of the U.S. trading day. Source: FreeStockCharts.com The U.S. dollar’s steady, albeit slow, strengthening is happening … Read more
While I have been talking up warnings on the deterioration in the underlying technicals of the S&P 500 (SPY), I continue to like the relative performance of iShares US Home Construction (ITB). Source: FreeStockCharts.com ITB is up 9.2% for the year while the S&P 500 is essentially flat year-to-date with a 0.3% gain. One of … 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
In recent months, I have been in the habit of fading rallies in Market Vectors Russia ETF (RSX) using Direxion Daily Russia Bear 3X Shares (RUSS) for quick, short-term trades. That streak may be on the verge of ending. Source: FreeStockCharts.com As the chart shows, RSX looked like it was ready to resume its downtrend … Read more