ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Tonight, January 14, 2014, I was casually doing my periodic check of forex charts and was absolutely startled to see so many currency pairs pivoting around the 50-day moving average (DMA). I was so captured by this pattern, I decided to post every single chart for the record. I realize that the tests and touches … 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 September 27, 2013. Click here to read the entire piece.) A simple statement is all it took: “THE Bank of England would consider the case for more quantitative easing should the recovery falter, Mark Carney told the Yorkshire Post. ‘But my … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 25, 2013. Click here to read the entire piece.) Shortly after U.S. trading closed on Friday, February 22nd, Moody’s downgraded UK debt one notch from Aaa to Aa1 with a stable outlook. This downgrade is a natural extension of the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 24, 2013. Click here to read the entire piece.) {snip} The reaction to the Cyprus news was swift in financial markets starting with currency markets on that Sunday. By the end of the week, the S&P 500 (SPY) remained down … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 17, 2013. Click here to read the entire piece.) {snip} While it is still far from clear that the risky bailout plan for Cyprus will pass the country’s legislative body – a vote that was scheduled for Sunday has been … Read more
This is an excerpt from an article I originally published on Seeking Alpha on February 21, 2013. Click here to read the entire piece.) The Bank of England (BoE) released its latest Inflation Report last week (February 13, 2013). During his remarks and responses to questions, Mervyn King again explained how the current and expected … Read more
Recently, the euro has received more focus than ever, especially as it printed new 11-month lows against the U.S. dollar and new 11-YEAR lows against the yen today (December 29th). However, over the past week, the British pound has fared even WORSE than the euro. The euro is now trading at 10-day highs versus the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Almost a month ago, Bank of England Governor Mervyn King spoke at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London at the Mansion House, and I wrote afterward that the … Read more