ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The big story coming out of the November presidential elections was the flurry of “Trump Trades” that soared on an incremental surge of optimism and expectations. Now the growing story includes the sprouting list of trades that have completely reversed post-election gains. The recent rapid decline in oil prices on the heels of surging U.S. … 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
(This is an excerpt from an article I originally published on Seeking Alpha on February 27, 2017. Click here to read the entire piece.) In late August, 2016, I got ready to buy back into the iPath Bloomberg Cocoa SubTR ETN (NIB) as a part of my strategy to trade its price range at that … Read more
Last week I registered my surprise at silver speculators rushing to increase net long contracts to near multi-year highs. This move happened ahead of what was expected to be a parade of Fed-speak clearing the path for a March rate hike. The surge stood out even more given gold’s surge did not bring net long … Read more
AT40 = 42.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.1% of stocks are trading above their respective 200DMAs VIX = 11.7 (volatility index) Short-term Trading Call: neutral Commentary The February U.S. jobs report catalyzed the next swing in the stock market’s bear-bull knife fight. I noted in my … Read more