ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Almost a month ago, I celebrated a major breakout for iPath Bloomberg Cocoa SubTR ETN (NIB) by declaring a confirmed bottom. That bottom still holds but unfortunately NIB has persistently declined since then. NIB is down 15.2% from the time of that post. Source: FreeStockCharts.com At the time of my last post, the International Cocoa … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2017. Click here to read the entire piece.) November dashed my expectation for a range-bound Teucrium Corn ETF (CORN). The November World Agricultural Supply and Demand Estimates (WASDE) threw a curve ball of sorts by further underlining surplus conditions … Read more
Congratulations to any of you who stuck by the iPath Bloomberg Cocoa SubTR ETN (NIB) and accumulated over the course of 2017 as cocoa prices slowly but surely carved out a bottom. Looking back, it seems September was a key turning point in the flavor of the trading. Source: FreeStockCharts.com The chart above shows how … Read more
According to Hanna Neuschwander, the Communications Director for the World Coffee Research, demand for coffee will double, while over that same timeframe climate change will cut in half the land area available for growing coffee. A little over a month ago, I launched a trade in iPath Bloomberg Coffee SubTR ETN (JO) as a play … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 12, 2017. Click here to read the entire piece.) Looks like my rotational trade on iPath Bloomberg Cocoa SubTR ETN (NIB) is coming to an end. {snip} Source: FreeStockCharts.com {snip} The headline driver for this strong move was the European … Read more