ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 29.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.0% of stocks are trading above their respective 200DMAs VIX = 21.3 Short-term Trading Call: neutral Commentary The technical damage in the stock market continues to spread as the countdown to “hedge fund d-day” nears an end. AT40 (T2108), … Read more
GDPR, the European Union’s General Data Protection Regulation, rolls into effect starting May 25th. Expectedly, there is a flurry of media attention on this topic. One meme spreading quickly compares Google Trend searches for GDPR to pop music icon and diva Beyoncé. It turns out that GDPR is now so popular that it surpassed Beyoncé … Read more
Source: CNBC Ever since LongFin Corp. (LFIN) soared astronomically four days into its stint as a publicly traded company, I have been fascinated by the story. At the time I covered the story, I wrote: “The trading in recent IPO LongFin Corp. (LFIN) may go down as iconic in this era of frenetic trading in … Read more
In my last post on Bitcoin (BTC-USD), I worried about the sustainability of the $6000 bottom. I am now even more worried. Google Search interest continues to wane on Bitcoin. Ever since December and the major top under $20,000, search interest in “Bitcoin” has trended downward with spikes in search activity also trending lower. Source: … Read more
NOW this is getting really interesting. I am still in learning mode on cryptocurrencies. Every twist and turn is like a new flower patch around the bend. When I last wrote about the price patterns in Bitcoin a week and a half ago, I gave a qualified call for a bottom in the price of … Read more
At the beginning of the year, I drew up a list of stocks that Morgan Stanley (MS) recently included in 13G filings to disclose significant stakes. My interest was sparked by a surprising stake in Xunlei Limited (XNET), and I was further surprised to find a notable list of speculative stakes by Morgan. Now that … Read more
AT40 = 23.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 30.0 (19.7% decrease, intraday high of 50.3) Short-term Trading Call: neutral Commentary The first oversold period in about two years ended after just one day. As a reminder, … Read more
“I will be watching for signs of the durability of this latest Bitcoin bottom. If search interest wanes quickly, I will expect the recovery phase to fizzle relatively quickly like last time. If search interest remains robust, I will accordingly expect the recovery period to last longer.” This is what I wrote on January 18, … Read more
While Bitcoin (BTC) holds its recent low confirmed by a jump in Google search activity, I decided to look to see whether Google Trends correlated with another cryptocurrency. Stellar is a relatively new entrant on the scene. The cryptocurrency made a big splash at the beginning of the year by rocketing into the top 10 … Read more
It is a good thing news releases do not yet go out as irreversible blockchain transactions. In yet one more bizarre story involving a cryptocurrency/blockchain company, LongFin (LFIN) issued a press release over GlobeNewswire that suddenly seemed to validate its recent price run-up. Several hours later, the company asked its audience to ignore that press … Read more