ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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 November 17, 2014. Click here to read the entire piece.) The euro (FXE) versus the Swiss franc (FXF) currency pair has dropped steadily all year on its way to a rendezvous against the 1.20 floor: Since the end of the financial … Read more
The U.S. dollar (UUP) is at 11-month highs. The dollar index is finally showing the strength many expected from the beginning of 2014 in anticipation of strong economic numbers and subsequent rate hikes. The chart above shows that the U.S. dollar index has been on a relative tear since bouncing off its QE3 reference price … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2014. Click here to read the entire piece.) When gold (GLD) spiked higher last month (June 19, 2014), some heralded the move as proof that the Federal Reserve was falling behind inflationary pressures. Source: FreeStockCharts.com I characterized the move … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 6, 2014. Click here to read the entire piece.) This year started off with a strange combination of trades. One of the more surprising was to watch the U.S. dollar index (UUP) start the year strong at the same time … Read more