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 March 26, 2015. Click here to read the entire piece.) {snip} The response was swift. The The Australian Competition and Consumer Commission (ACCC) released a statement indicating it will investigate the context and nature of comments made by Andrew Forrest, founder … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 2, 2015. Click here to read the entire piece.) A drop in the Australian dollar (FXA) toward a fresh six-year low has not stopped Australia’s trade balance from worsening. {snip} Source: The Australian Bureau of Statistics (ABS) Source for currency … 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
(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
Two weeks ago, I noted Rio Tinto (RIO) as a prime short as a late responder to the on-going collapse in iron ore prices. On Monday (September 22), it broke down. Typically, I close out fortuitous short positions on such swift moves, but I am projecting RIO to go a lot lower over the next … Read more