ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 48.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.4% of stocks are trading above their respective 200DMAs VIX = 12.5 (volatility index) Short-term Trading Call: neutral Commentary Diabolically, the stock market has put my head on the proverbial swivel. I earlier noted how the NASDAQ in particular … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 25, 2016. Click here to read the entire piece.) Currency speculators are at “maximum bullishness”: bullish bets on the Japanese yen (FXY) have reached levels unseen since at least 2009. Source: Oanda’s CFTC’s Commitments of Traders Facing off against this … Read more
In the previous week, forex traders extended existing positioning trends. This consistency reveals an on-going confidence in the given trends. Where these changes are consistent with currency moves, traders seem indeed justified in the confidence. However, there are some cases where these positions are starting to run counter to potential shifts in currencies. I expect … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 1, 2016. Click here to read the entire piece.) On Wednesday, January 27th, the U.S. Federal Reserve stared down volatile conditions in financial markets and decided to avoid addressing them directly. {snip} When the Bank of Japan (BoJ) came up … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 7, 2015. Click here to read the entire piece.) The Bank of Japan put on a brave face as it announced its latest decision on monetary policy (October 7, 2015) with a big miss on its inflation target looming in … Read more