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 February 22, 2016. Click here to read the entire piece.) Sometimes the test of a change in sentiment is not in the pace of the new trend, but instead in the behavior after that trend first gets tested. {snip} Source: FreeStockCharts.com … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 8, 2016. Click here to read the entire piece.) Speculators are now net long gold at levels that surpass the financial crisis of 2008/2009 and the major 2011 peak in gold prices. Source: Oanda’s CFTC’s Commitments of Traders Given this … Read more
Traders remain very confident in the strength of the Japanese yen (FXY). Net longs stayed at “maximum bullishness” even ahead of last week’s monetary policy meeting by the Bank of Japan (BoJ). Source: Oanda’s CFTC’s Commitments of Traders That boldness paid off as the BoJ failed to deliver more easing, and the yen soared. USD/JPY … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 28, 2016. Click here to read the entire piece.) Last December, I wrote about the shaky prospects for the seasonal trade on home builders. Sure enough, iShares US Home Construction (ITB) has not performed this badly on an absolute or … Read more
The following data cover the latest from the CFTC’s Commitment of Traders as reported by Oanda from the week of Monday, March 21, 2016. From Oanada: “The Commitments of Traders (COT) is a report issued by the Commodity Futures Trading Commission (CFTC). It aggregates the holdings of participants in the U.S. futures markets (primarily based … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 14, 2015. Click here to read the entire piece.) {snip} This quote is the entirety of a terse and pointed press release that commodity giant Glencore (GLCNF) (GLNCY) delivered to calm market fears about the company’s business. This release came … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 27, 2015. Click here to read the entire piece.) This month’s acceleration in the now 4-year sell-off in commodities seems to indicate that markets are getting serious about bracing for a tightening cycle from the Federal Reserve. I have mainly … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 21, 2013. Click here to read the entire piece.) On April 14th, I wrote my reasons for believing that a bottom for gold would prove elusive. At the time, I was thinking gold (GLD) could experience a new extended phase … Read more