ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
China inflation target may be out of reach: economist | Reuters China stands little chance of hitting the government's target of keeping inflation below 3 percent this year, a senior government economist said on Saturday. (tags: China inflation economy) Capitulation! | The Mess That Greenspan Made Spotted over at The Reformed Broker, one trader happened … Read more
“…I stick by the rule that low-volume buying begets high-volume selling; weeks of gains can be erased within a manner of days once sellers finally get motivated.” This quote came from my commentary in late March titled “Some Lazy Thoughts for a Complacent Market“. At the time, I was reacting to the extreme overbought technical … Read more
Market Drop Fueled by a Crisis, a Glitch and Anxiety – DealBook Blog – NYTimes.com Combine one part nervous traders, one part Greek crisis and one part trader error. Stir in one part central bank complacency. Bring to boil. Panic. (tags: stock_market technical_analysis sell-off)
Currencies swung wildly and dramatically yesterday. Lost in the breathless descriptions of the continued surge in the US dollar and the sudden strength in the Japanese yen is that the drama really began with renewed strength in the Swiss franc. At around 5am Eastern, the franc suddenly surged against all currencies. In particular, it traded … Read more
I posted a note before noon on Thursday outlining the latest technicals that seemed to point toward a lower stock market. Almost as soon as I sent it, I wished I had waited…mainly because T2108, the percentage of stocks trading above their 40-day moving averages, started declining at an even faster rate. By the close … Read more