ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The trade in silver just got even more interesting. For a few weeks, I wondered aloud why speculators were so stubbornly bullish on the precious metal, especially relative to speculators in gold. In my last post on silver, I noted how speculators were finally beating a hasty retreat. In the latest Commitment of Traders (CoT) … Read more
I finally have to release my long-standing bullishness on the U.S. dollar index (DXY0) even as the dollar recently managed to bounce off its critical, uptrending 200-day moving average (DMA). Source: FreeStockCharts.com Looking at this chart, I get the feeling of something that is biding its time for a definitive catalyst that pushes it down … Read more
AT40 = 54.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.4% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary Two hallmarks of this current stock market have been the 1) consistent weakness of sellers and 2) the persistent ability … Read more
The French people will make a final decision on a President in less than 24 hours from the time of writing. Financial markets are in a much different place now than they were two weeks ago ahead of the initial round of voting. Thanks to the “French Fly” optimism is riding high and all assumptions … Read more
In recent weeks I have wondered aloud why silver speculators were so bullish. In the latest Commitment of Traders (CoT) data it appears speculators are finally asking themselves the same thing. Source: Oanda’s CFTC’s Commitments of Traders In just two weeks, the level of net long futures contracts on silver have gone from levels not … Read more