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 on April 21, 2013. Click here to read the entire piece.) On April 17th, the Bank of Canada decided to leave interest rates unchanged. In its Monetary Policy Report Summary, the Bank of Canada extended out its forecast to mid-2015 as the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 7, 2013. Click here to read the entire piece.) {snip} Notably, this retracement erases almost all of the stock market gains from the Bank of Japan’s announcement of aggressive monetary policy in early April called “Introduction of the “Quantitative and … Read more
When I last wrote about the Australian dollar (FXA), I targeted a retest of the 2012 low as one of two points to exit my short position on AUD/USD. The test at 0.96 happened last Thursday, May 24, and as AUD/USD printed an obligatory bounce from that support, I exited. The support held firm until … Read more
(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 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 … Read more
(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 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 … Read more