ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
One of the many interesting features of the stock market since it broke down on March 10th is that the news has often been a distraction to underlying developments in the market. Following the charts has been relatively more effective than following the news in creating a (short-term) trading strategy. T2108, the percentage of stocks … Read more
A week ago I used F5 Networks (FFIV) as a model to suggest that Finisar (FNSR) and JDS Uniphase (JDSU) showed some promise to bounce from critical support levels. I drew out the specific price points at which buys made sense and included some stops. The promise quickly led to a letdown as both FNSR … 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
The Federal Reserve meets and decides monetary policy on Tuesday right in the middle of the most tumultuous time for global financial markets perhaps since the March, 2009 lows. As the Bank of Japan (BoJ) is furiously printing money to buttress its financial system and promote calm, I fully expect the Fed to issue a … Read more
The primary upward trend in the S&P 500 finally ended, and the advantage in trading finally goes to the sellers for the first time since August, 2010. For me, technically, the upward trend ended with the flattening of the 20DMA. I noted this important change yesterday. The confirmation of the end came today with the … Read more