ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Two weeks ago, the iShares MSCI Spain Index Fund ETF (EWP) finally broke through its 2009 lows. Today, at the time of writing, EWP has plunged into nine-year lows, and is sinking fast. Charts like these remind us of the financial peril facing Europe right now. Source: FreeStockCharts.com In the latest news, the European Commission … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 29, 2012. Click here to read the entire piece.) {snip} JOY reports earnings on the morning of May 31st with its stock struggling to stay above 2011 lows. The weekly chart shows how for a second time JOY has lost … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 29.6% (Last oversold period … Read more
Another May and another horror show for the stock market. Excluding today’s oversold bounce currently underway, the S&P 500 (SPY) is down 5.7% for the month. The index was down as much as 7.1% last week. The chart below shows that these numbers are extreme even for a month that causes so much fear and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 26, 2012. Click here to read the entire piece.) The Australian dollar…{snip}…has been highly correlated with the S&P 500 (SPY) for much of the last six years and more. The correlation has broken down at critical moments, the most interesting … Read more