ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Goldman Sachs (GS) has been on a tear lately. Since breaking out on September 5th, the stock is up about 11%. The first three days of the breakout move featured strong volume, above the moving 90-day average. GS is now challenging a major resistance area formed by a head and shoulders type pattern from 2012’s … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 12, 2012. Click here to read the entire piece.) In one more day, the Federal Reserve announces its next decision on monetary policy. In anticipation, the dollar (UUP) has traded lower and lower. The Australian dollar (FXA) has been one … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2012. Click here to read the entire piece.) Federal Reserve Chairman Ben Bernanke has made the case for further monetary easing simple and straightforward. Unless some miracle happens in the economy to send growth hurtling upward (presidential campaign promises, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 2, 2012. Click here to read the entire piece.) The currency markets have gone through waves and cycles of themes thanks to the constant tinkering and interventions by the world’s central banks. With the big news headlines for the United … 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 highly 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 … Read more