ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I last wrote about the Brazil Index Fund ETF (EWZ) at the end of the sharp correction in October. At that time, the big headline was that EWZ had lost all its gains from the Olympics-driven rally, and I was anticipating buying EWZ at the end of a total correction of 20% from the closing … Read more
Bottom-fishing is always a risky business, but sometimes it is worth a try. This is the case with First Solar (FSLR) which has printed several profitable bottoms in the past two years. After dropping for 11 consecutive days, FSLR finally managed to close with a gain on Tuesday. The 3% increase came on volume almost … Read more
As fears quickly rise that President Obama wants to wipe out American business and kill the stock market (as some like Jim Cramer would have you believe), I took a trip down memory lane to watch Obama’s (now forgotten?) famous call to buy the stock market right around the March bottom: Less than 12 months … Read more
China Economy – Jim Chanos: China's Real Estate Bubble Is Unprecedented – CNBC The bubble in China's real estate is unprecedented and companies exporting for the country's construction sector should be watched carefully, James Chanos, president and founder of Kynikos Associates, told CNBC Monday. (tags: bubbles China real_estate) Obama to seek 3-year freeze on US … Read more
VIX and More: VIX Spike of 35% in Four Days Is Short-Term Buy Signal …from a timing perspective, a long SPX position entered after a 35% spike will generally perform best over the course of a five day time horizon. (tags: volatility VIX trading_strategy)