ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Now THIS is the way to start a relief rally. The U.S. dollar index surged on Wednesday 1.84%, marking its largest one-day gain since a 2.72% gain on January 20, 2009. At that time, the dollar was in the middle of a sharp and major bounce off its 200-day moving average (DMA) support on its … Read more
It took a little over a week, but Intel (INTC) finally succumbed to the anticipated retest of the old downtrend line (click for a larger view). *Chart created using TeleChart: Multiple catalysts seemed to weigh down on INTC on Tuesday: Taiwanese manufacturers of notebooks reported large drops in sales and Quanta warned it will not … Read more
The U.S. dollar rallied into the Federal Reserve’s latest decision on monetary policy. This move seemed to launch (finally) the start of a relief rally that I have tried to anticipate as the dollar approached its support at the 200-day moving average (DMA). The uncertainty over the outcome of the Fed decision encouraged me to … Read more
Bob Shullman, President of Ipsos Mendelsohn, appeared on CNBC Tuesday to hawk the latest results of his market research company’s “Affluent Survey.” The affluent are afflicted with recession-related blues but remain ready to spend. The affluent control the majority of America’s income and wealth: they constitute 20% of all American households, but earn 60% of … Read more
Scripting News: Google vs iPhone and Facebook It's as if Google, not knowing who is winning the war, is fighting it everywhere, just in case it turns out that's where the true enemy is hiding. That's how big rich companies that are scared compete. Everyone needs to get a piece of the battle. (tags: Google … Read more