ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The stock for SunPower Corporation (SWPRa) has remained in a holding pattern, directly under resistance from the 50-day moving average (DMA), in the two weeks since SPWRa provided an empty update on its on-going audit committee investigation. I took this opportunity to dump my current position at break-even. I feel fortunate to do so after … Read more
Worried about inflation? Fidelity packages an offering of funds and analysis on the potential threat of inflation (tags: inflation investing) SunPower Solar Projects Lose Key Player | TheStreet.com Both the SunPower and First Solar potential solar-farm pipelines look good on paper. It's the timeline to completion, and the threat of permitting delays followed by appeals … Read more
As the U.S. dollar index has steadily advanced this month, the relative strength of the Canadian dollar has perplexed me. The Canadian dollar has long seemed overplayed to me as a commodity-positive play given the country’s heavy dependence on the health of the U.S. economy – which I continue to assume will perform weakly in … Read more
First Solar's U.S. Ambitions Slowed | TheStreet.com When First Solar acquired OptiSolar earlier this year, the $400 million deal was supposed to push the company into a preeminent position in the nascent U.S. large-scale solar-project business. But several developments on Tuesday placed those plans in doubt and may have left investors with questions about First … Read more
Over the past three days, the S&P 500 finally broke upward out of a five-week trading range (the NASDAQ has had a much more aggressive breakout). Well before this latest bullish move, many stocks and whole sectors soared higher in a “stealth” rally. Steel companies U.S. Steel (X) and Nucor (NUE) are two stocks in … Read more