ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The risk of holding TBT, the Pro Shares UltraShort 20+ Year Treasury, rose significantly last week. The sudden surge in oil prices in response to the rebellion in Libya has put the double-dip recession back into play and once again lodged it into the frontal lobes of market players. Recession fears bring fresh affinity for … Read more
When oil is on the move, place bets on oil. This was my advice when waving off the thesis that solar stocks are oil plays. Indeed, over the past two days that oil has surged, most solar stocks have sold off alongside the stock market. And while I sold my latest trading position in USO … Read more
Silver finally hit fresh highs on Thursday, and I am now forced to pull out “Plan B” on re-establishing a position in the precious metal. I had expected the “cooling off” period to end with a retest of the 200-day moving average (DMA) and an opportunity to scale back into silver at my own, leisurely … Read more
While the general stock market just keeps crawling steadily upward, individual stocks continue to produce some very interesting, and very tradable charts. For example, over the past several months, I have been able to identify many valuable breakouts as well as some breakdowns. The three charts in this post are not directly related, but I … Read more