T2108 Update (September 18, 2013) – A Surge Toward Overbought Territory

(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 gap down 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 … Read more

The Plunge in Housing Affordability Raises the Stakes for the Federal Reserve

(This is an excerpt from an article I originally published on Seeking Alpha on September 15, 2013. Click here to read the entire piece.) As markets worldwide await the Federal Reserve’s meeting September 17-18th, I imagine that housing will play a major role in the decision-making for monetary policy. Interest rates have risen sharply in … Read more

Mixed Bets On Emerging Markets Add to Divergent Responses to Higher Rates

(This is an excerpt from an article I originally published on Seeking Alpha on September 16, 2013. Click here to read the entire piece.) As markets head into a much anticipated Federal Reserve decision that should feature some resolution on the tapering question, I found it interesting to rewind the tape back to the recent … Read more

I Am Sticking With Gold: A Critique Of “The Golden Dilemma”

(This is an excerpt from an article I originally published on Seeking Alpha on July 29, 2013. Click here to read the entire piece.) {snip} When King uttered these words in his final Inflation Report as Governor of the Bank of England (BoE), there was no sudden surge in interest rates or sell-offs in financial … Read more

Market Mood Swings Toward An End to the U.S. Dollar’s Latest Rally

(This is an excerpt from an article I originally published on Seeking Alpha on July 11, 2013. Click here to read the entire piece.) Ordinarily, I would have called Wednesday’s (July 10, 2013) close on the S&P 500 (SPY) a stalemate that potentially signals a reversal in fortunes for the index. The flat close occurred … Read more