ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
A Breakout and Reversal The price of cocoa has had a wild two months. Last month’s breakout quickly turned into a fade and an outright sell-off in December. The result for the iPath Bloomberg Cocoa SubTR ETN (NIB) is a complete reversal of the breakout, a return to the bottom of the previous consolidation range, … Read more
Congratulations to any of you who stuck by the iPath Bloomberg Cocoa SubTR ETN (NIB) and accumulated over the course of 2017 as cocoa prices slowly but surely carved out a bottom. Looking back, it seems September was a key turning point in the flavor of the trading. Source: FreeStockCharts.com The chart above shows how … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 17, 2017. Click here to read the entire piece.) For the past several months, I have maintained that cocoa prices and the iPath Bloomberg Cocoa SubTR ETN (NIB) are bottoming. I also figured that the bad news could not get … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 5, 2017. Click here to read the entire piece.) The International Cocoa Organization (ICCO) recently released its monthly market report for February. February was of course the month of an accelerated price decline for cocoa. Cocoa hit, and retested, a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 14, 2017. Click here to read the entire piece.) {snip}…a volume surge and a gap up in NIB makes it a LOT more likely a bottom is finally forming in NIB (and by association cocoa prices). NIB closed the day … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 27, 2017. Click here to read the entire piece.) In late August, 2016, I got ready to buy back into the iPath Bloomberg Cocoa SubTR ETN (NIB) as a part of my strategy to trade its price range at that … Read more