ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 39.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.4% of stocks are trading above their respective 200DMAs VIX = 12.0 Short-term Trading Call: bullish Commentary Urban Outfitters (URBN) notwithstanding with its 19.5% after hours surge, Tuesday, August 15, 2017 was a signature day for the weakness engulfing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 4, 2015. Click here to read the entire piece.) {snip} The Reserve Bank of Australia (RBA) issued its monetary policy decision for August. The RBA left rates unchanged just as the market expected. The rest of the statement was boilerplate … Read more
To start this week, I pointed out that the U.S. dollar index (UUP) and the British pound (FXB) had tagged important milestones for this year. The U.S. dollar index finally rallied back to the downtrend line established from its multi-year high set in March. The British pound finally cracked the 0.70 support level against the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 20, 2015. Click here to read the entire piece.) In my last post on the Canadian dollar (FXC), I claimed that it was time to start buying Canada while at the same time cautioning about an over-extension in the currency … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 4, 2014. Click here to read the entire piece.) Tuesday morning in Australia was a busy time for economic news. First, the Australian Bureau of Statistics reported that the release of the Apple (AAPL) iPhone 6 helped drive electrical and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 17, 2014. Click here to read the entire piece.) The United Kingdom’s Office of National Statistics (ONS) reported retail sales today that suggest consumers went on a literal shopping spree in December, 2013. {snip} The ONS reported the most notable … Read more