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 June 11, 2012. Click here to read the entire piece.) As global financial markets seem set to rally in a reflex “risk on” reaction to the bailout of Spain’s banks, one small corner of the financial universe remains notably somber: the … Read more
After failing to to topple over the 1.56 level over the past week, the British pound finally made a major breakthrough today against the U.S. dollar (FXB). This surge takes GBP/USD takes the currency pair right into the teeth of resistance from declining 50 and 200-day moving averages. Source: FreeStockCharts.com I think this resistance will … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 24.2% VIX Status: 23.6 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 6, 2012. Click here to read the entire piece.) Tuesday night, the Australian Bureau of Statistics (ABS) reported a surprise jump in GDP of 1.3% quarter-over-quarter. With growing fears of a global economic slowdown, analyst consensus had pegged growth only … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 5, 2012. Click here to read the entire piece.) Futures estimated a 63% chance that the Reserve Bank of Australia (RBA) would cut rates by 50 basis points tonight, but the RBA went with the analyst consensus of a 25 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 4, 2012. Click here to read the entire piece.) I have followed the Bank of England’s quarterly Inflation Report since November, 2009 as a way to gain insight into the UK economy and the prospects for the British pound (FXB). … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 1, 2012. Click here to read the entire piece.) {snip} …U.S. nonfarm payrolls greatly disappointed markets and quickly put the dollar into general disfavor the rest of the day. Even the oversold euro rallied against the U.S. dollar (FXE). Interestingly, … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 29.6% (Last oversold period … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 26, 2012. Click here to read the entire piece.) The Australian dollar…{snip}…has been highly correlated with the S&P 500 (SPY) for much of the last six years and more. The correlation has broken down at critical moments, the most interesting … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 21, 2012. Click here to read the entire piece.) Gold and silver have languished since reaching their last peaks in 2011. {snip} Last week, gold and silver reawakened and made sharp reversals. {snip} Note that the dollar’s resurgence since hitting … Read more