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 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
AT40 = 71.3% of stocks are trading above their respective 40-day moving averages (DMAs) – overbought day #2 AT200 = 58.6% of stocks are trading above their respective 200DMAs VIX = 9.5 Short-term Trading Call: bullish Commentary It looks like an overbought rally is truly underway. AT40 (T2108), the percentage of stocks closing above their … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 17, 2017. Click here to read the entire piece.) For the past several months, I have maintained that cocoa prices and the iPath Bloomberg Cocoa SubTR ETN (NIB) are bottoming. I also figured that the bad news could not get … Read more
(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