ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Ever since moving this site to a more standard blog format last September, I have been able to write more articles, more consistently. In that time, I hope I have delivered some value to those listening out there in the blogosphere. Now, it is time for a partial hiatus as I attend to personal and … Read more
On Friday, the S&P 500 broke down below the 50-day moving average (DMA) on high volume and volatility spiked over 50% during two days of heavy selling (charts at the end of this post). The S&P 500 has been here before. Since the March lows, this is the… Fourth break below the 50DMA: previous breaks … Read more
The last hour of trading on Wednesday was marred by swift, high-volume selling, an extremely rare sight in the current market. It seemed to come from “nowhere” but the signs of some kind of reversal have been building in some poor post-earnings trading in many big-cap names. I earlier pointed out that Intel (INTC) seems … Read more
Toward the end of September, I argued that VXX, the iPath S&P 500 VIX Short-Term Futures, was making a bottom. While some kind of bottom has been confirmed with the spike in volatility last week, the VXX has proved to be a dud in following this spike. While the VIX has popped about 29% from … Read more