ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
ConocoPhillips (COP) announced Q4 and full year 2015 financial results on the morning of February 4, 2016. The news included a capitulation to the on-going deterioration of business conditions in the oil patch: COP slashed its dividend by two-thirds: “ConocoPhillips (NYSE: COP) today announced it is taking actions to maintain its strong balance sheet in … 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 January 15, 2016. Click here to read the entire piece.) The recent movements in crude oil prices are very substantial in historical context. Headline inflation will return to target once oil prices stabilize, but recent further declines in global oil prices … 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
We hear the relationship claimed so casually and so frequently, we probably no longer give it a second thought. For example, on December 30th, the S&P 500 (SPY) lost 0.7%. Searching for an explanation, CNBC ran the all-too familiar headline “Dow closes down triple digits as oil slide weighs.” Oil lost 3.3% on the day … Read more