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 20, 2012. Click here to read the entire piece.) I have written about my skepticism regarding the British pound’s newly found “safe haven” status (for example, see “Hard Currency: My Reactions To The Financial Times’ Promising Podcast“). During my last … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 15, 2012. Click here to read the entire piece.) So much for that bottoming process in ProShares UltraShort 20+ Year Treasury (TBT) that I noted two months ago (see “Looking Like A Bottom For TBT“). Interest rates are headed lower … Read more
Almost a month ago I made another case for a bottom in TBT, the ProShares UltraShort 20+ Year Treasury. The related breakout include some large, upward one-day moves. The churn included a convincingly successful retest of presumed support at the upper channel that formed the consolidation pattern for TBT’s bottom. Alas, that was not enough … Read more
A little over two weeks ago I pointed out that it looked like TBT, the ProShares UltraShort 20-Year Treasury, had finally bottomed. TBT broke out from an extended consolidation pattern that is the classic hallmark of a sustainable bottom. On Friday, TBT surged 3.3% after having erased all the gains from the breakout. TBT made … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 14, 2012. Click here to read the entire piece.) For the past few years, trying to call a top in Treasurys has been a fool’s game. From the manipulation of the Federal Reserve to fears of deflation to fears of … Read more