ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
To-date, I have been using the 30-Day Fed fund futures as a valuable tool for determining likely (short-term) trading direction for the U.S. dollar index (DXY0). However, since the last Federal Reserve decision on monetary policy on July 27, 2016, these futures have exhibited a lot of volatility and thus a lot of noise (assuming … 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
(This is an excerpt from an article I originally published on Seeking Alpha on July 21, 2016. Click here to read the entire piece.) The post-Brexit run-up in the SPDR Gold Shares (GLD) ended today. Source: FreeStockCharts.com The entire post-Brexit gap could easily fill if current momentum in other gold-related indicators continues. {snip} Source: CME … 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
(This is an excerpt from an article I originally published on Seeking Alpha on May 8, 2016. Click here to read the entire piece.) Speculators are now net long gold at levels that surpass the financial crisis of 2008/2009 and the major 2011 peak in gold prices. Source: Oanda’s CFTC’s Commitments of Traders Given this … Read more
“Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen, and inflation making progress toward the Committee’s 2 percent objective, then it likely would be appropriate for the Committee to increase the target range for the federal funds rate in June…Some … Read more
The message is clear: the U.S. Federal Reserve WANTS to hike rates a few more times this year. Various Fed officials started this week with speeches and interviews discussing their desire to hike rates again as early as June and for a total of two or three hikes in 2016. The response is also clear: … 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