ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I last wrote about cocoa in July, 2015 in a piece called “Even Cocoa Starts to Waver In the Face of the Collapse In Commodities.” I wrote that iPath Bloomberg Cocoa SubTR ETN (NIB) had met my price target for selling, and I awaited my next entry point. I passed up two subsequent dips, but … 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
For what I think is the first time since the Fed rate hike in December, the market pushed out the timing of the next rate hike. Source: CME Group FedWatch The presumed change in heart has come from the trading chaos in China. Back in September, the Fed used out-sized volatility coming from China’s devaluation … Read more
The U.S. dollar index ended 2015 on a strong note, but it has yet to develop any post-Fed momentum. Of the ten trading days following the rate hike from the U.S. Federal Reserve, the index has closed below that day’s intraday high five days. Notably, the intraday LOW of that day is still holding strong … 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