ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Tuesday’s expected gap down and steady buyback created a LOT of amazing charts. Many stocks I have reviewed bounced with picture-perfect accuracy off key support levels like 50DMAs and 200DMAs. The chart of the dollar index also caught my attention (as it so often does). For the past two days, the U.S. dollar has clung … Read more
On Friday, CNBC reported that on that day options players placed large bets bullish on the dollar: “The options market is gearing up for a bull run in the dollar after February’s non-farm payrolls showed improvement in the U.S. jobs picture. Options traders saw sizeable downside put buying in the EUR/USD…Before Friday’s payrolls data, the … Read more