ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) If you followed anything I have written about Research In Motion (RIMM), you know that the company may begin its latest massive share buyback as early as Monday, July 11. RIMM will buy up 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: 78% and overbought. VIX Status: 16. General (Short-term) Trading Call: Close “almost all” bullish trades (longs), accelerate bearish trades (shorts). Caveats noted below… Commentary T2108 hit 78% today for … Read more
BRICS: Currency Wars Not Over, Says Brazil – CNBC Brazil is preparing a range of additional measures to stem the damaging rise of the real as the global currency war shows no signs of ending, according to Guido Mantega, the country’s finance minister. Speaking to the Financial Times in London, Mr Mantega said the Group … Read more
Apple (AAPL) initially failed a critical technical test at the 200-day moving average (DMA) and even made a new low for 2011, but the stock’s under-performance has finally ended. AAPL has gained over 10% since its 2011 low June 20th. The majority of the gains have come on just 4 days with strong bursts of … 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: 70% and overbought. VIX Status: 16. General (Short-term) Trading Call: Close more bullish trades (longs), initiate new bearish trades (shorts). Commentary Today was a strange day. The S&P 500 … Read more