ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Tonight, January 14, 2014, I was casually doing my periodic check of forex charts and was absolutely startled to see so many currency pairs pivoting around the 50-day moving average (DMA). I was so captured by this pattern, I decided to post every single chart for the record. I realize that the tests and touches … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 26, 2013. Click here to read the entire piece.) It has been a week since the Federal Reserve surprised the globe when it backed off from its earlier tough talk about bond tapering. The U.S. dollar index (UUP) plunged in … Read more
(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 2, 2013. Click here to read the entire piece.) Starting November, 2012, Japan’s longstanding efforts to devalue its currency finally began experiencing sustained success. Since the massive devaluation process started, both the Nikkei (EWJ) (NKY) AND the S&P 500 (SPY) … 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