ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2017. Click here to read the entire piece.) On June 12, 2016, I effectively threw in the towel on the Teucrium Corn ETF (CORN) and switched to a shorter-term trading strategy. Less than a month later, I concluded that … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.3% of stocks are trading above their respective 200DMAs VIX = 9.9 (volatility index) Short-term Trading Call: neutral Commentary The stock market continued its healing process from its last bout of mild indigestion. Most impressive is the S&P 500 … Read more
AT40 = 57.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.6% of stocks are trading above their respective 200DMAs VIX = 11.2 (volatility index) Short-term Trading Call: cautiously bullish Commentary The cats were particularly frenetic in the last week of trading for the second quarter of 2017. The major … Read more
The fundamentals of cocoa are not changing day-to-day, but you might think so based on the frenetic trading in the iPath Bloomberg Cocoa SubTR ETN (NIB). Last week, NIB made another plunge toward an all-time low in the latest bout of selling that took NIB from $25.29 to as low as $21.70 (a 14.2% loss) … Read more
Trading for the iPath Bloomberg Cocoa SubTR ETN (NIB) could have started quite negatively this week. Yesterday, On May 29th, Bloomberg reported from unnamed sources that Ghana’s main crop for the cocoa growing season would produce its highest tonnage in three years: “Graded and sealed deliveries from the so-called main crop, the larger of two … Read more