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 November 1, 2015. Click here to read the entire piece.) For the third straight month, mining, quarrying, and oil and gas extraction in Canada expanded. According to Statistics Canada, this commodity and energy based category of economic output has now grown … Read more
The Reserve Bank of Australia (RBA) announced its November decision for monetary policy with a very familiar template. The most important part of the statement came at the end where the RBA made it clear rate cuts are on its collective mind (emphasis mine): “At today’s meeting the Board judged that the prospects for an … Read more
In my last market update, I neglected to pay homage to the extraordinary monthly performance of October, 2015. You have probably heard or read the headlines that last month delivered the biggest gain in four years. October was up 8.9% – one of the best and fastest bounces from oversold territory in a long time. … 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 iShares Nasdaq Biotechnology ETF (IBB) finally broke out above resistance from its downtrending 50-day moving average (DMA) on Wednesday, October 28th. This was the same day as the Federal Reserve’s October decision on monetary policy. Unfortunately, the breakout failed its first test as it stopped cold right at the low of the “Clinton Bash” … Read more