ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 82% (sixth day of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The relief rally for the U.S. dollar that I expected after the S&P downgrade of U.S. government debt did not materialize last week. {snip}…The dollar gained 1.6% over the franc BUT not until after the … Read more
The dollar has been one of the weaker currencies amongst the major industrial trading partners. Thanks to coordinated intervention, the Japanese yen has managed to take over the mantle from the dollar in the race to the bottom. The weekly chart below shows that the dollar’s rally against the yen stopped cold as it approached … Read more
NOW things get even more interesting for the U.S. dollar. In dramatic fashion, a tremendous surge in buying in the Swiss franc and the Japanese yen shortly after the close of the U.S. market on Wednesday set the dollar hurtling through its long-term support line. This break was long in the making and something I … Read more