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 March 29, 2012. Click here to read the entire piece.) {snip} This is the change in “guidance practices” and outlook that beleaguered mobile company Research In Motion (RIMM) announced in its latest earnings report today. It has all the trappings of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 27, 2012. Click here to read the entire piece.) As conditions ripen for a bottom in housing in 2013, I am more frequently reviewing the on-going dynamics of the unfolding recovery in employment. The rates of unemployment and under-employment, and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 10, 2012. Click here to read the entire piece.) Department store J.C. Penney (JCP) caught my attention because of its relative underperformance two days in a row. As the S&P 500 has rallied back from a sharp one-day sell-off, JCP … Read more
A little over two weeks ago I pointed out that it looked like TBT, the ProShares UltraShort 20-Year Treasury, had finally bottomed. TBT broke out from an extended consolidation pattern that is the classic hallmark of a sustainable bottom. On Friday, TBT surged 3.3% after having erased all the gains from the breakout. TBT made … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 54% VIX Status: 15.5% … Read more