ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Reuters reported yesterday that Japan is getting ready to intervene to weaken its currency. Japanese authorities are getting anxious because the yen is reaching the multi-decade highs versus the U.S. dollar last set in the … Read more
Bank of Korea Buys Gold for First Time in Over 10 Years – CNBC South Korea's central bank bought gold for the first time in more than a decade as global growth and debt uncertainties encourage monetary authorities around the world to diversify foreign reserves. (tags: gold Korea monetary_policy) Banks in BRICs Signaling Credit Crisis … Read more