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 September 9, 2013. Click here to read the entire piece.) Last week was supposed to be a dramatic week with a whole host of pronouncements from the world’s major central banks, the aftermath of the Jackson Hole confab, and major economic … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 6, 2012. Click here to read the entire piece.) On Monday, November 3, Bloomberg reported that Credit Suisse Group AG (CS) will soon charge negative interest rates on cash balances denoted in Swiss francs (FXF). Francs are increasingly becoming trash … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 23, 2012. Click here to read the entire piece.) Over a month ago I wrote that priceline.com (PCLN) was not likely to recover its post-earnings losses in the near-term. Based on the bearish commentary on its European business and reminders … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 19, 2012. Click here to read the entire piece.) In November, 2010, Nassim Taleb (Mr. Black Swan) broke a long-standing media blackout to talk on CNBC about his distress over quantitative easing Part two (QE2). At the time, Taleb concluded … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 68% VIX Status: 28 … Read more
Surprise! The dollar’s relief rally is not quite over as I had suspected last Thursday (October 27) when the dollar plunged with resounding force below its 200-day moving average (DMA). On Monday, the dollar index surged back above its 200DMA as all of last week’s booming enthusiasm over a deal on Greek sovereign dealt rapidly … Read more
After scanning through the latest quarterly release of the “Statement of Monetary Policy” from the Reserve Bank of Australia, I was reminded that currency traders are trying to prepare for eventual rate hikes from the European Central Bank (ECB) and the Bank of England (BoE): “While financial markets continue to expect the US federal funds … Read more