ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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 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 are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 29, 2015. Click here to read the entire piece.) The U.S. Federal Reserve is likely to hike interest rates in December. The Fed and economic data have finally convinced the market of an imminent rate hike, and the high odds … Read more
“Someone” really wants Arch Coal (ACI) to avoid breaking the buck. On August 5th, ACI traded as low as a buck per share before closing at $1.05/share. Two weeks later we learned Soros had been scooping up ACI shares. Trading volume on ACI has been much higher since then. On August 20th, ACI was back … Read more
In recent months, I have been in the habit of fading rallies in Market Vectors Russia ETF (RSX) using Direxion Daily Russia Bear 3X Shares (RUSS) for quick, short-term trades. That streak may be on the verge of ending. Source: FreeStockCharts.com As the chart shows, RSX looked like it was ready to resume its downtrend … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 19, 2015. Click here to read the entire piece.) “…the changing nature of China’s development implies that the potential for commodity prices to rise from here is somewhat limited.” – Christopher Kent, Assistant Governor, Reserve Bank of Australia (RBA) at … Read more