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 February 26, 2012. Click here to read the entire piece.) When Lender Processing Services (LPS) reported fourth quarter and full 2011 earnings on February 13, the company provided downside guidance on earnings and revenues. When the stock opened 6% lower, it … 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: 82% (overbought day #37) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 24, 2012. Click here to read the entire piece.) Ever since I heard hedge fund manager Kyle Bass lay out a convincing case in August, 2010 for a massive sell-off in the Japanese yen, I have had a hard time … Read more
It only took a day or two for First Solar (FSLR) and SunPower Corporation (SPWR) to confirm the bearish pattern I pointed out after the recent post-earnings celebration for SPWR. The charts below show rapid follow-through from the big fades that followed huge up days in each stock. Source: FreeStockCharts.com Note well that the bears … Read more
It took almost a month, but silver has finally joined gold in its post-Fed breakout. The chart below shows that silver has broken above stiff resistance at the 50-day moving average (DMA). This resistance has kept silver under a lid for five months. Source: StockCharts.com With the Federal Reserve promising to keep rates low through … Read more