ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Coffee prices have soared along with most other commodities over the past year and more. For example, the iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (aka JO) is up 70% since the end of 2009. The last earnings results from Starbucks (SBUX) demonstrated the stress from these higher coffee prices. The company slightly lowered … Read more
While the general stock market just keeps crawling steadily upward, individual stocks continue to produce some very interesting, and very tradable charts. For example, over the past several months, I have been able to identify many valuable breakouts as well as some breakdowns. The three charts in this post are not directly related, but I … Read more
Department of Energy seeks to cut solar costs by 75 percent | Reuters The U.S. Department of Energy said on Friday it will spend $27 million on a new effort to reduce the costs of solar power by 75 percent by the end of the decade in a bid to make the renewable power source … Read more
Despite my general caution on the stock market at current levels (it just flipped to overbought status on Monday), I continue to look out for bullish moves on individual stocks. This time, I found a fresh breakout candidate in the solar sector. On Monday, SunPower Corporation (SPWRA or SPWRB) finally broke free of a nine-month … Read more
T2108 Resource Page: A Service from One-Twenty Two I will use this page as my central resource page when discussing the indicator on my main financial blog "One-Twenty Two." You can also come directly this page to see the latest charts for T2108 – I plan to update this page every Sunday at a minimum. … Read more