ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Did the misery for the Turkish lira (USD/TRY) just reach a climactic end? The Turkish lira quickly lost favor in the wake of more political turmoil in Turkey. Most of the losses actually occurred right before midnight (Eastern U.S. time) and within minutes. This delayed but sharp reaction made the move look highly suspect. The … 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
Coal is a dying source of energy. It has left a trail of tears in the stock market. Communities reliant on coal have been long-suffering. So I was quite surprised to read that George Soros bought back into coal stocks from April to June, 2015. This is the same man who once called coal a … Read more
I thought I was done blogging about Zulily (ZU). The acquisition of ZU by Liberty Interactive (QVCA) on August 17, 2015 brought back the pain that was ZU right back into full view for me. My mistake with ZU started a little over a year ago as a play on a relatively consistent stock market … Read more