ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The reaction caught me completely off-guard. On September 6th, the USD ISM Non-Manufacturing/Services Composite for August came in at 51.3, well below “expectations” of 54.9 and the lowest reading since February, 2010. The reaction was swift in financial markets. The 30-day Fed Fund futures pushed out the next rate hike from December, 2016 (54.2%) to … 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
Last week was full of important news for forex trading. As a dollar bull, euro bear, and yen bear, the week presented particular challenges that hedging could only soothe a little bit. I had a good run with these positions in recent weeks. As forex goes, a setback was due – just too bad the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2016. Click here to read the entire piece.) At the beginning of this month, I claimed an unwind of confidently long positions was imminent for the Australian dollar. {snip} Source: Oanda’s CFTC’s Commitments of Traders {snip} Source: FreeStockCharts.com At … Read more