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: 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
(This is an excerpt from an article I originally published on Seeking Alpha on May 26, 2012. Click here to read the entire piece.) {snip} I became so comfortable with the JNPR side of the trade that I never blinked while accumulating a fresh JNPR position over the past two and a half months without … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 24, 2012. Click here to read the entire piece.) German industrial powerhouse Siemens AG (SI) is trading on the edge of a major breakdown. {snip} Source: FreeStockCharts.com With Thursday’s very poor German manufacturing numbers, I highly doubt Siemens can avoid … Read more