ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In late February, I lamented that TBT, the Pro Shares UltraShort 20+ Year Treasury ETF, was careening toward a retest of the 200-day moving average (DMA) that it would lose. After three more weeks, the anticipated retest finally occurred, and TBT survived. *Chart created using TeleChart: The retest of the 200DMA was a great reminder … Read more
Buyers are again lifting the stock market from its intra-day lows and providing some potential clues on where to draw the bull/bear lines from a technical perspective. The case for a bullish setup is relatively strong: Three days of high volume selling is washing out sellers. 50-day moving average (DMA) essentially successfully retested, leaving primary … Read more
While the general stock market just keeps crawling steadily upward, individual stocks continue to produce some very interesting, and very tradable charts. For example, over the past several months, I have been able to identify many valuable breakouts as well as some breakdowns. The three charts in this post are not directly related, but I … Read more
Nassim Taleb, famous author of “Fooled by Randomness” and “The Black Swan”, was so distressed by the Federal Reserve’s roll-out of quantitative easing part 2 that he ended his media black-out and interviewed with Erik Schatzker on Bloomberg Television a few days ago. Anyone familiar with Taleb will not find any new themes or critiques … Read more
For a few months, I have intended to write an update on lithium ion battery company Ener1, Inc. (HEV) since I took exception with an analyst’s dismissal of the company in late July of this year. The stock remained firm since then, and I was thinking it was a bullish sign. HEV reported earnings last … Read more