ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Dollar Index at 1-Month Low as China Warns on US Assets – CNBC The dollar fell to a one-month low against a basket of currencies on Tuesday and a record low against the Swiss franc after a Chinese official said the greenback would continue to weaken versus other major currencies. The head of the international … 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: 32% and Neutral. General Trading Call: Continue covering shorts. Identify longs for buying IF T2108 gets to official oversold territory at 20% or below. Commentary T2108 made a minor … 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: 30% and Neutral (oversold territory relative to behavior over past two years). General Trading Call: Continue covering shorts. Identify longs for buying IF T2108 gets to official oversold territory … Read more
Canada is No Haven from US Dollar Collapse – Resource Investor There are numerous reasons why the Canadian dollar will not survive a US dollar collapse: * The Canadian economy is very tied to the US economy. * The Canadian Government is intent on devaluing the Canadian dollar alongside the US. * The Bank of … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) On Friday, briefing.com reported that rumors hit the trading floors that Cisco (CSCO) might make a buyout offer for Research In Motion (RIMM). The rumor was good for a brief 2-hour or so pop before the … Read more