ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Morgan Stanley (MS) initiated coverage on Intercept Pharmaceuticals, Inc. (ICPT) with an underweight rating. The negativity weighed on the stock for a 7.9% loss that sent the stock below critical support at its 200-day moving average (DMA). Source: FreeStockCharts.com Morgan was VERY emphatic about its “out of consensus” call on ICPT. As reported by Investors.com: … Read more
On Wednesday, August 12, 2015, the U.S. Department of Agriculture (USDA) released its latest “World Agricultural Supply and Demand Estimates.” The news was treated as very bearish for corn. Teucrium Corn ETF (CORN) plunged immediately on the news. Source: FreeStockCharts.com The corn season’s first “survey-based corn yield forecast” came in higher than the trend-based forecast … 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
(This is an excerpt from an article I originally published on Seeking Alpha on August 12, 2015. Click here to read the entire piece.) I was just getting ready to think through my latest piece on the Australian dollar (FXA) as a story about the currency’s resiliency likely thanks to an on-going rebound in price … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 8, 2015. Click here to read the entire piece.) Against my previous expectations, the Australian dollar (FXA) continues to shrink. First the Chinese government panicked with successive rate cuts and next direct manipulation in its stock markets. Now it seems … Read more