ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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: 18.9% (Oversold day #1, … Read more
The iShares MSCI Spain Index Fund ETF (EWP) broke below its March, 2009 lows this week. EWP is now trading at 8 1/2 year lows. This major milestone is more confirmation that we can expect another roiling summer full of eurozone headlines. I provide a weekly and a daily chart for perspective. Note how volume … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 13, 2012. Click here to read the entire piece.) The market has spoken in response to the changing political tide in Europe, and the market is apparently not thrilled. The euro slid almost the entire week against the U.S. dollar, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 15, 2012. Click here to read the entire piece.) The Financial Times has launched a new weekly podcast called “Hard Currency.” The first interview aired on May 13th featuring Alice Ross as host and senior currency analyst Paul Robson from … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 15, 2012. Click here to read the entire piece.) So much for that bottoming process in ProShares UltraShort 20+ Year Treasury (TBT) that I noted two months ago (see “Looking Like A Bottom For TBT“). Interest rates are headed lower … Read more