ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Franc Reaching Dollar Record Means Hungarians Unwind – BusinessWeek Switzerland’s franc, the second- best performing major currency the past six months, is gaining strength from Eastern European homeowners falling behind on their mortgages. (tags: currency Swiss_franc forex)
In “The Dollar Is Headed Lower“, Randall W. Forsyth wrote in Barron’s that “The dollar’s trend now is unequivocally lower. And that’s apparent whether you look at fundamental factors or the technical picture on the charts.” He does a good job of summarizing the current condition of de facto competitive devaluation that is increasing the … Read more
The lack of trading volume has been a common knock on the market, making any and every rally difficult to trust. But this is a market of stocks, and volume must be showing up somewhere, right? I decided to run a few scans to track down what stocks have really captured the market’s interest in … Read more
“…the Republicans, I think, have been cutting taxes with borrowed money, and the Democrats have been spending with borrowed money. They agree only on the borrowed money. And the system cannot take that…We are now at a state where, excluding World War II, we are in the worst shape of the relationship between borrowing capacity … Read more
Over the last few months of tracking the S&P 500 I have not given much thought to the “reverse head and shoulders” (H&S) pattern. It is now time to pay attention. Friday’s continuation of the current rally is not just part of a steady uptrend from the August lows that has successfully punctured through important … Read more