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 April 12, 2013. Click here to read the entire piece.) Last week, we learned that the Australian trade balance for February was much better than expected, -178M AUD versus expectations for -1B AUD and -1.2B AUD for January. Additionally, retail sales … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 17, 2013. Click here to read the entire piece.) {snip} While it is still far from clear that the risky bailout plan for Cyprus will pass the country’s legislative body – a vote that was scheduled for Sunday has been … Read more
The market continues to throw up a lot of interesting charts, particularly on the bullish side. This chart review takes a quick look at Shutterfly (SFLY), BlackBerry (BBRY), Weight Watchers (WTW), Peabody Energy (BTU), and the Australian dollar (AUD/USD or FXA). SFLY just reported earnings, and the market clearly loved it. The stock printed a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 7, 2013. Click here to read the entire piece.) Back in September, one of the big stories was the plunge in iron ore prices to three-year lows around $87/ton. With prices down over 50% from the record high of $191/ton … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 12, 2012. Click here to read the entire piece.) It turns out that recent put buyers in Molycorp (MCP) may have had the right idea, but their bearish trade may have a very short shelf life. After hours on December … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 16, 2012. Click here to read the entire piece.) Almost two weeks ago, I noted that as long as the Australian dollar (FXA) maintained its stubborn strength, it made sense to play the currency long versus the weakening Japanese yen … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more