ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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
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
President Trump will address a joint session of Congress on Tuesday night, February 28th. Traders will no doubt have notepads ready to jot down the latest corporate targets of Trump’s wrath and praise. Trump’s words and tweets move markets, yet recent impacts have not lasted and have even worked in reverse of expectations. It is … Read more
It is hard to believe that just six weeks ago I proposed a pairs trade of gold versus bonds with the SPDR Gold Shares (GLD) toying with resistance at its 50-day moving average (DMA) and the iShares 20+ Year Treasury Bond (TLT) doing the same. Now, GLD has already hit the next line of resistance … Read more
AT40 Status: 65.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.2% of stocks are trading above their respective 200DMAs VIX Status: 11.7 (volatility index) Short-term Trading Call: neutral Commentary The struggle for the overbought threshold continues. AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more