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 May 7, 2012. Click here to read the entire piece.) After the S&P 500 (SPY) dropped as much as 0.4% on Monday, April 30, 2012, I decided to take a shot at trading what seemed to be the double whammy of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 3, 2012. Click here to read the entire piece.) It is that time of year again when traders try to predict whether this year’s summer cycle will compel them to dump stocks in May only to return in the Fall. … Read more
A month ago I declared the weakness in the Japanese yen had ended. At the time, the U.S. dollar versus Japanese yen currency pair, USD/JPY or the inverse ratio in the Rydex CurrencyShares Japanese Yen Trust (FXY), had slipped for three days in a row. I turned out to be about a week too early … Read more
Someone forgot to tell the Australian dollar that financial markets are in “risk on” mode. While the Australian dollar is still up for the year against the U.S. dollar, it continues to lag the S&P 500 (SPY) by a greater and greater distance. The Aussie is now up 2.6% versus the U.S. dollar whereas the … 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: 69% (ending 43 days … Read more