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]. 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: 82% (sixth day of … Read more
This chart review pairs an ugly chart with a blooming one. Japan’s Nikkei stock market index made very little additional progress after the sharp and rapid bounce from the March lows marked a crescendo of panic over the Fukushima Daiichi nuclear catastrophe. On five separate days, the Nikkei survived tests of the closing lows from … Read more
It appears that coordinated currency intervention has accomplished what unilateral intervention could not – initiate a sustained weakening in the Japanese yen. When the Bank of Japan promised “powerful monetary easing” I quipped: The wordsmiths were working overtime. The BoJ clearly wants to fire as strong a warning as possible to those who insist on … Read more
NOW things get even more interesting for the U.S. dollar. In dramatic fashion, a tremendous surge in buying in the Swiss franc and the Japanese yen shortly after the close of the U.S. market on Wednesday set the dollar hurtling through its long-term support line. This break was long in the making and something I … Read more
Energy Dominoes From Japan | Alternative Energy Stocks Rising oil prices and increased attention towards the risks of nuclear energy in the ring of fire will increase alternatives to conventional energy production. As our mistaken assumptions about the security and sustainability of traditional energy sources fall like dominoes, alternative energy businesses become more and more … Read more