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 2, 2013. Click here to read the entire piece.) The summer of 2013 delivered a flat performance for the S&P 500 (SPY). The S&P 500 closed at 1,630.74 on May 31st. The 1,632.97 close on August 29th ended the summer … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 11, 2013. Click here to read the entire piece.) Ordinarily, I would have called Wednesday’s (July 10, 2013) close on the S&P 500 (SPY) a stalemate that potentially signals a reversal in fortunes for the index. The flat close occurred … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 20, 2013. Click here to read the entire piece.) {snip} The Federal Reserve announcement sounded a bit like something former governor Mervyn King might say about the prospects for the Bank of England’s bond purchase program: {snip} I imagine believers … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 19, 2013. Click here to read the entire piece.) {snip} Traders have gotten quite bullish on the U.S. dollar. Reuters reported that bullish bets on the U.S. dollar have reached an 11-month high: {snip} This critical juncture for the dollar … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 28, 2013. Click here to read the entire piece.) The S&P 500 (SPY) lost 1.6% on Tuesday (August 27th) as follow-through selling from the previous day overtook the index. Rising tensions between the U.S. and Syria are providing the catalyst … Read more