ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The “imminent launchpad” I expected for Bitcoin (BTC/USD) prices over a month ago quickly turned into a capsized boat. At the time, Bitcoin was pivoting around its 50-day moving average (DMA). In the week after my last post on Bitcoin prices and the Google Trend Momentum Check (GTMC), the GTMC broke the low from June … Read more
AT40 = 68.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary One More Risk to Ignore An impeachment inquiry, an “admission”, and fresh promises from President Trump about getting a trade deal done with … Read more
The economic data continue to worsen in Europe. While it is difficult to find signs of concern in U.S. markets, wariness is etched in a few key corners of financial markets. Precious Signals Notably, the precious metals gold and silver look ready for a fresh upward push. Gold and silver can perform well in times … Read more
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.0Short-term Trading Call: neutral Stock Market Commentary The Trigger Finger On Tuesday (August 27), I saw enough hints of a flip from a bullish to bearish divergence … Read more
An Inescapable Truth In June, 2018, I made the following claims and observations (with fresh emphasis): “…at the end of the day, Trump is determined to drive the U.S. trade deficit as close to zero as possible. This cannot happen without some substantial economic disruptions. To the extent the market refuses to price in these … Read more