ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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 likely 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 trades are … Read more
At least I expected to have a lot of commentary on the British pound going into the June 23rd referendum on the United Kingdom’s membership in the European Union (EU) aka “Brexit.” In the blink of an eye, the British pound soared against all major currencies.For emphasis, I show a 1-minute chart along side the … Read more
On June 6, 2016 (U.S. time), the Reserve Bank of Australia released its latest statement on monetary policy. The pronouncement was as pedestrian as ever, including leaving rates untouched. The most notable difference from the current and the previous statement appears to be the RBA’s reflections on inflation. In the current statement, the RBA made … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 30, 2016. Click here to read the entire piece.) Apple (AAPL) reported Q1 2016 earnings that disappointed the market. The negative reaction was consistent with the Apple earnings trading model. This time around, I took particular interest in Apple’s accounting … Read more
In late February, I wrote “Forget The Yuan – The Devaluation Of The British Pound Is Breathtaking.” At the time, I suggested that Google Trends on the search term “Brexit” indicated that the breathtaking losses in the British pound should soon abate (against the U.S. dollar). Sure enough, the pound printed a bottom within a … Read more