ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Short Selling of Stocks Banned in France, Spain, Italy, Belgium – Bloomberg France, Spain, Italy and Belgium imposed bans on short-selling to stabilize markets after European banks including Societe Generale (GLE) SA hit their lowest level since the credit crisis. (tags: short_seller trading_strategy regulation Europe)
(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: 11% (Day #6 of the current oversold period). VIX Status: 39. General (Short-term) Trading Call: Only add … Read more
Swiss Franc Falls as SNB Sees Possible Euro Peg – Bloomberg The franc weakened after Swiss Central Bank Vice President Thomas Jordan said a temporary franc peg is within the range of options that policy makers could use to stem the currency’s record-breaking rally. (tags: Swiss_franc forex SwissNationalBank currency_intervention euro) The official blog of Hays … 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: 9.6% (Day #5 of the current oversold period). VIX Status: 43 (2nd highest close of oversold period). … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) In Tuesday’s statement on monetary policy, the Federal Reserve decided to reassure markets that interest rates are likely to stay at “exceptionally low levels” at least through the middle of 2013…{snip}…This dramatic change in the … Read more