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 March 13, 2016. Click here to read the entire piece.) When I last wrote about the British pound (FXB), the currency was reaching the bottom of its latest downdraft. I did not know the bottom was near, but I did claim … Read more
The last Housing Market Review covered data released in January, 2016. At the time, I warily looked at a nervous market and insisted that the steep decline in the iShares US Home Construction ETF (ITB) and individual home builder stocks presented a great buying opportunity. I was conservative in my expectations including looking out to … Read more
On Friday, February 26th, the U.S. Department of Commerce’s Bureau of Economic Analysis reported revised GDP results for Q4 2015. The number went from a first estimate of 0.7% to 1.0% annualized. The Bureau of Economic Analysis declared “with this second estimate for the fourth quarter, the general picture of economic growth remains the same; … Read more
What a difference 19 months make. It was June, 2014 when Bank of England (BoE) Governor Mark Carney confidently warned financial markets that rate hikes could come earlier than implied at that time by the market. Less than a month later, the British pound (FXB) (or sterling) peaked against the U.S. dollar (DXY0). Peaks against … Read more