ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Panicked Savers Now Paying for Bank Deposits – CNBC Bank of New York says it will charge 0.13 percent on accounts with an average monthly balance of more than $50 million. That's 0.03 percent above the 0.10 percent the bank pays to insure deposits with the FDIC. (tags: banking FDIC interest_rates)
(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.) T2108 Status: 13%. VIX Status: 32 General (Short-term) Trading Call: Close most bearish positions. Start building bullish positions. Commentary If you have spent the last nine months feeling like you missed … Read more
Two nations have the odd combination of near zero interest rates and extremely strong currencies: Japan and Switzerland. Japan has finally moved once again to try weakening its popular currency (click here for a description I gave on how to play the intervention). The Swiss National Bank (SNB), burned by a very unsuccessful attempt to … 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.) T2108 Status: 26%. VIX Status: 23.4 General (Short-term) Trading Call: Continue closing out bearish positions. Maintain list of bullish trades. Commentary Today was one of those days I wish T2108 reported … 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.) T2108 Status: 24%. VIX Status: 24.8 General (Short-term) Trading Call: Hold. Finalize list of bullish trades. Prepare to close most bearish positions. Commentary T2108 dropped from 33% to 24%. The S&P … Read more