ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The British pound’s bounce from May’s 14-month lows versus the U.S. dollar has surpassed all my expectations. The currency has stumbled at key resistance points as expected, but the trend upward has been persistent and undeniable. The pound has followed a steep channel straight up. The pound is now sitting right at its 200-day moving … Read more
Day-to-day, Mr. Market’s mood seems to swing dramatically up and down with little consistent rhyme or reason. The neat rationalizations of the bulls one day give way to the equally neat rationalizations of the bears the next day. For example, the market is very undervalued because of record low Treasury bill rates, highly stimulative monetary … Read more
Trade the Oversold Bounce – Stocks, Futures and Options Traders (Dr.Duru) Profits from oversold periods start either from entering the market long on the first oversold day (aggressive) and/or from waiting for VIX to increase at least 20 percent from the first oversold day or entering the market the first day after the oversold period … Read more
The British pound continues its steady ascent from 14-month lows versus the U.S. dollar. This feat is not as remarkable as it could have been given the dollar’s steady descent against all major currencies since June. However, both fundamental and technical developments continue to favor even higher levels. Three weeks after dropping my bearish bias … Read more
Excitement over earnings almost trumped technicals today. The S&P 500 tipped over and then faded back ever so slightly from its 50-day moving average (DMA). Earnings news typically trumps technicals, but I was pretty convinced looming overhead resistance would hold firm no matter then news given the weak buying volume coming into today. Buying volume … Read more