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
The vote by the United Kingdom (UK) to leave the European Union (EU), aka Brexit, kicked off a series of market events that collectively seem very surreal. First, there was the global rally in financial markets going into the vote. Relieved market participants appeared to anticipate a victory by the Remain side. Next came two … Read more
There is nothing like a quick reversal of what is supposed to be good economic news to confirm a bearish bias. On May 31st (U.S. time), the Australia Bureau of Statistics (ABS) released its report on GDP for the March, 2016 quarter. GDP came in at a very strong 3.1% annualized rate thanks to another … Read more
In the wake of poor inflation data, a rate cut from the Reserve Bank of Australia (RBA), and then a dovish Statement on Monetary policy, speculators decided that this was not the time to have such a large net long exposure to the Australian dollar (FXA). Source: Oanda’s CFTC’s Commitment of Traders Roll forward to … Read more
{edited June 17, 2016 to add more commentary and clarity} Warren Buffett, CEO of the legendary Berkshire Hathaway, rightfully sits among the most respected and highly regarded business leaders in American history. When Buffett talks, his words matter: his opinions can shape minds and drive business practices. Buffett’s influence and potential for tremendous good turn … Read more