T2108 Update (May 29, 2012) – Rising Stocks, Sinking Euro

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 29.6% (Last oversold period … Read more

Siemens AG Trades On the Edge As German Manufacturing Continues to Contract

(This is an excerpt from an article I originally published on Seeking Alpha on May 24, 2012. Click here to read the entire piece.) German industrial powerhouse Siemens AG (SI) is trading on the edge of a major breakdown. {snip} Source: FreeStockCharts.com With Thursday’s very poor German manufacturing numbers, I highly doubt Siemens can avoid … Read more

Step Aside British Pound, The Japanese Yen Is Back As the Safety Currency Of Choice

(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

Hard Currency: A Promising Podcast on Foreign Exchange From the Financial Times

(This is an excerpt from an article I originally published on Seeking Alpha on May 15, 2012. Click here to read the entire piece.) The Financial Times has launched a new weekly podcast called “Hard Currency.” The first interview aired on May 13th featuring Alice Ross as host and senior currency analyst Paul Robson from … Read more

Austerity Under Fire: One of Several Economic Drags on the U.K. Versus the U.S.

(This is an excerpt from an article I originally published on Seeking Alpha on April 30, 2012. Click here to read the entire piece.) As recession descends across Europe, fiscal policies have received extra scrutiny. Austerity measures have been promoted as keys for long-term economic stability but the necessary short-term pains have been understated. Without … Read more