ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary: Sellers followed through with yesterday’s post-Fed selling. With losses across the board, market breadth dropped into oversold trading conditions. Yet, as I explained could be the case, the stock market looks uninteresting. Because the major indices are fresh off important breakdowns, substantial downside risk remains. Because the volatility index actually closed down … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 19, 2012. Click here to read the entire piece.) {snip} Nassim Taleb has been on a tour promoting his new book “Antifragile: Things That Gain from Disorder.” He provides related links and interviews on his Antifragile web site where he … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 26, 2012. Click here to read the entire piece.) Most of the clues required for the British pound’s direction for 2013 are contained in the Bank of England’s last Inflation Report back on November 14, 2012. The British pound enjoyed … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 23, 2012. Click here to read the entire piece.) The minutes from the last Federal Reserve meeting seem to suggest that members are starting to coalesce around Janet Yellen’s analysis that monetary policy should be more accomodative (see “Yellen’s Case … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 23, 2012. Click here to read the entire piece.) Japanese Finance Minister Jun Azumi has formed a habit of warning currency markets about the strength in the Japanese yen (FXY). For example, on May 31st, with USD/JPY slightly above 78 … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) The U.S. dollar was one of last week’s biggest losers during a very bullish week. As I have chronicled for several weeks now, the market’s bullish signals continue to grow. With … Read more
The Bank of Japan (and/or the Japanese Ministry of Finance) has an excellent sense of timing technicals. Last night’s intervention to put an end to the on-going strength in the Japanese yen came just as the U.S. dollar looked ready to follow-through on its break of the important support at the 200-day moving average (DMA). … Read more