ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
T2108 Resource Page: A Service from One-Twenty Two I will use this page as my central resource page when discussing the indicator on my main financial blog "One-Twenty Two." You can also come directly this page to see the latest charts for T2108 – I plan to update this page every Sunday at a minimum. … Read more
AK Steel (AKS) reported earnings January 25. The news was good enough to send the stock up 7.7% and back above its 200-day moving average (DMA). Since then, AKS has essentially recovered all the damage done by a Goldman Sachs downgrade to sell in early January. *Chart created using TeleChart: AKS delivered a mix of … Read more
I thought I would get extremely bearish once the S&P 500 reached my upside resistance target of 1300-1310. Yet here we are just five weeks into the year, and the deepest angst I can summon is an uncomfortable sense of “caution.” With T2108 – the percentage of stocks trading above their respective 40-day moving averages … Read more
After scanning through the latest quarterly release of the “Statement of Monetary Policy” from the Reserve Bank of Australia, I was reminded that currency traders are trying to prepare for eventual rate hikes from the European Central Bank (ECB) and the Bank of England (BoE): “While financial markets continue to expect the US federal funds … Read more
When I made the case for buying CSCO after its earnings disaster in November, I was bracing myself for an extended stay at or near 52-week lows. I even planned to add more on a steep enough decline. After two weeks of slowly drifting downward, CSCO made a bottom. The stock is now climbing out … Read more