ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
For Toll Brothers (TOL), history has a nasty habit of repeating itself. Over the last two quarters, TOL released preliminary earnings reports that propelled the stock to one-day double-digit gains on record trading volumes. For the second time in a row, the actual earnings report generated the exact opposite response. After the last earnings report, … Read more
China hints sticking to dollar despite worries | Reuters China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual. (tags: China currency U.S._dollar) Bullard: Jobless Recoveries Could Change How Fed Acts – WSJ.com Federal … Read more
Over the last four days, Sunpower Corporation (SWPRa) completed a successful retest of the March lows (intra-day low of $19.70, closing low of $20.91). The next price target is around $26.25 with a close of the gap created by the news of accounting irregularities at its Philippine manufacturing operations. This price level will likely meet … Read more
UK banks owed $5bn by Dubai World – FT.com / Middle East / Finance UK banks have an aggregate exposure to Dubai World of about $5bn, the Financial Times has learnt, confirming them as the biggest creditor group at the crisis-hit emirate holding company. (tags: Dubai debt default banks United_Kingdom) The recurring gold "bubble" A … Read more
“Mish” posted the latest chart from the Investor’s Intelligence Survey, and it shows that bulls are back up to 50% and bears have hit a new low for the year at 16%. (You can directly access two years of data using the chart tool at Schaeffer’s Investment Research). He also noted that bears have only … Read more