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 Status: 17% (Day #9 of the current oversold period). VIX Status: 33 General (Short-term) Trading Call: Only add … Read more
Volatility Sparks Biggest Fund Exodus Since ‘02, Surpassing Post-Lehman Period – CNBC Domestic outflows, excluding ETFs, hit $9.4 billion last week, surpassing the $9.2 billion outflow during a week in October 2008 and the most since 2002, according to a Jefferies report citing Lipper FMI data. Including International funds, net outflows were $11.4 billion. Exchange-traded … 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 Status: 19% (Day #8 of the current oversold period). VIX Status: 32. General (Short-term) Trading Call: Only add … Read more
Can Jeremy Grantham Profit From Ecological Mayhem? – NYTimes.com Grantham has often been early, the besetting sin of the value investor. Sounding the alarm and bailing out well before the peak of one bubble after another has cost him profits and clients. But if he’s right again and early again in identifying rising commodity prices … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The relief rally for the U.S. dollar that I expected after the S&P downgrade of U.S. government debt did not materialize last week. {snip}…The dollar gained 1.6% over the franc BUT not until after the … Read more