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 May 10, 2017. Click here to read the entire piece.) When I first identified a potential bottom for the iPath Bloomberg Cocoa SubTR ETN (NIB), I did not envision the volatile process that has since unfolded. I particularly did not anticipate … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 5, 2017. Click here to read the entire piece.) The International Cocoa Organization (ICCO) recently released its monthly market report for February. February was of course the month of an accelerated price decline for cocoa. Cocoa hit, and retested, a … Read more
AT40 = 35.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.6% of stocks are trading above their respective 200DMAs VIX = 12.5 (volatility index) Short-term Trading Call: bearish Commentary The S&P 500 (SPY) finally flipped the switch on the bearish threshold I have described since the last bullish breakout … Read more
In recent weeks, I laid out the case for a bottoming in cocoa prices and a related bottoming in the iPath Bloomberg Cocoa SubTR ETN (NIB). Specifically see “Trading Cocoa: A Declining Price Takes Its Toll But Brings Opportunity” and “A Cut In Ghana’s Cocoa Forecast May Signal A Bottom For Prices.” NIB finally printed … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 14, 2017. Click here to read the entire piece.) {snip}…a volume surge and a gap up in NIB makes it a LOT more likely a bottom is finally forming in NIB (and by association cocoa prices). NIB closed the day … Read more