ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more
On January 2, 2013, Apple (AAPL) hit $555 and came within $4 of a downward sloping 50-day moving average (DMA). From there, the stock faded hard and closed at $549.03. AAPL has yet to set a new intraday high this year. On (Black) Friday, November 29th, AAPL came within 6 cents of equaling its intraday … Read more
{And now for something different! This piece was produced for my “Thought Blog” at Ahan Analytics, LLC} On March 20, 2012, the Valley Transportation Authority (VTA) implemented congestion (or dynamic) pricing on a critical San Francisco Bay Area thoroughfare called Highway 237 that primarily connects commuters from the East Bay to the South Bay. This … Read more
A week ago, I wrote “Simple Reasons to Like IBM Despite the Headwinds.” As I feared/suspected at the time, sellers stepped in at an important resistance level. In four quick days, International Business Machines (IBM) dropped like a rock and retested presumed support from the announced expansion of the buyback. I thought I would have … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2013. Click here to read the entire piece.) On Monday (November 25, 2013) the National Association of Realtors (NAR) reported a fifth straight month of declining pending home sales. NAR chief economist Lawrence Yun projects that 2013 will end … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 19, 2013. Click here to read the entire piece.) The National Association of Homebuilders (NAHB) just released its November, 2013 report on builder confidence: the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It showed no change from … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 21, 2013. Click here to read the entire piece.) You know it must be a good year in the stock market when a soup and food products company can deliver 11% gains year-to-date. Unfortunately for Campbell Soup (CPB), its 11% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 21, 2013. Click here to read the entire piece.) As I noted earlier this week, I was eagerly anticipating the release of the minutes from the last policy meeting of the Reserve Bank of Australia (RBA) and a speech by … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 11, 2013. Click here to read the entire piece.) The next statement on monetary policy from the U.S. Federal Reserve comes on December 18th. With taper expectations on the rise again thanks to the 204,000 jobs added in October, it … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 27, 2013. Click here to read the entire piece.) Black Friday in the U.S. is the day after Thanksgiving when shoppers descend upon stores scrambling to find bargains for Christmas gifts. For some reason, the stock market also opens for … Read more