ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In my last posts on the euro (FXE), the Canadian dollar (FXC), and the British pound (FXB), I noted significant trading moves by speculators in foreign exchange as reported by the CFTC’s Commitments of Traders (CoT). The latest CFTC CoT report shows more of the same for these currencies but the backdrops may be shifting … Read more
AT40 = 49.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 12.4 (volatility index) Short-term Trading Call: cautiously bullish (see caveats below) Commentary On Thursday, March 30 (2017), the S&P 500 (SPY) closed above its downtrending 20-day moving average … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 14, 2017. Click here to read the entire piece.) {snip}…a volume surge and a gap up in NIB makes it a LOT more likely a bottom is finally forming in NIB (and by association cocoa prices). NIB closed the day … Read more
When I last wrote about the Turkish lira in mid-January, USD/TRY had pulled back sharply off a parabolic run-up. The iShares MSCI Turkey (TUR) was also at the beginning of a dramatic bottoming pattern that was later confirmed with a close above its 50-day moving average (DMA). Source: FreeStockCharts.com When the Central Bank of the … Read more
The U.S. dollar index (DXY0) has started 2017 on a notable losing streak. The index’s clean close today below 100 is the latest confirmation of that weakness. The U.S. dollar index continued its dribbling down the lower part of Bollinger Bands (BBs) that define the current downtrend. Source: StockCharts.com This extension of weakness has complicated … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more