ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On December 27th, I wrote “The Australian Dollar And Japanese Yen Enter 2014 Joined At The Hip – A Split Could Be Telling.” So I find it very intriguing, interesting, and validating to see 2014 start with a dramatic example of the shared hip joint between the Australian dollar (FXA) and Japanese yen (FXY). Since … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 27, 2013. Click here to read the entire piece.) In “A Major Test Awaits The Australian Dollar In 2014 As 2013 Delivered New Correlations” I discussed this year’s strong (inverse) relationship between the U.S. 10-year Treasury yield and the Australian … Read more
In previous Apple chart reviews and updates, I have noted the apparent influence of the open interest put/call ratio on the overall bull/bear tone of Apple (AAPL). When the stock last bottomed – between September 16th and 17th – the open interest put/call ratio dropped to a level last seen since, you guessed it, AAPL’s … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 2, 2013. Click here to read the entire piece.) The summer of 2013 delivered a flat performance for the S&P 500 (SPY). The S&P 500 closed at 1,630.74 on May 31st. The 1,632.97 close on August 29th ended the summer … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 2, 2013. Click here to read the entire piece.) Starting November, 2012, Japan’s longstanding efforts to devalue its currency finally began experiencing sustained success. Since the massive devaluation process started, both the Nikkei (EWJ) (NKY) AND the S&P 500 (SPY) … Read more