ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Back in mid-May, I sold my holdings in MUB, the iShares S&P National Municipal Bond ET. I purchased MUB in December of last year because the big discount seemed to big to resist; I was … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Nouriel Roubini thinks the S&P downgrade could help lock the U.S. into a recession and Christina Romer wants to “swing for the fences” and respond with a massive jobs bill – Bloomberg Video: “Roubini, Rosner, … 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
When Bill Gross declared a top in the bond market, MUB, the iShares S&P National Municipal Bond ETF, was still riding high between $105 and $106. Almost three weeks later, MUB cratered to 16-month lows, loudly declaring that the gravy train in munis had likely ended. Over the course of the past month, MUB experienced … Read more
As the stock market continues its slow and steady creep upward, individual stocks experiencing technical breakouts are providing strong relative performance. Last week, I noted that U.S. Steel finally broke above its 200-day moving average (DMA), and it continues to barrel upward. On Tuesday, I took particular interest in three other potentially important breakouts: Whirlpool … Read more