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 highly 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 … Read more
For the fist time in about a month, Apple (AAPL) is challenging its short-term downtrend, currently marked by the declining 50-day moving average (DMA). Over the past two trading days, AAPL has surged 7.7%. The stock had gained as much as 8.9% at today’s high. This tremendous surge maintains AAPL’s tendency to begin the week … Read more
(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 highly 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 … Read more
(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 highly 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 … Read more
Last week, I expected that heightened Fiscal Cliff fears would lead to renewed interest in buying the Japanese yen (see “Peering Over The Fiscal Cliff, The Yen Gets ‘Cheap’, Australian Dollar ‘Expensive’“). That interest turned out to be VERY temporary. As post-Christmas trading opened, the U.S. dollar surged yet again against the yen (FXY). It … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 17, 2012. Click here to read the entire piece.) Apple’s rollout of the iPhone5 in China hit a perfect storm on Friday, December 14th. Rumors were flying about lackluster interest and a reduction in orders to suppliers. Analysts released reduced … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 12, 2012. Click here to read the entire piece.) It turns out that recent put buyers in Molycorp (MCP) may have had the right idea, but their bearish trade may have a very short shelf life. After hours on December … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 12, 2012. Click here to read the entire piece.) {snip} It is CTSH’s sixth straight positive close on strong buying volume. CTSH has closed up 9 out of the last 10 trading days. Source: FreeStockCharts.com Despite the strength on display, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 10, 2012. Click here to read the entire piece.) For over three months, First Solar (FSLR) has benefited from a lack of bad news. When FLSR announced on August 30th that it would halt deliveries of solar panels to its … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 8, 2012. Click here to read the entire piece.) On November 8, 2012, Groupon (GRPN) reported earnings that disappointed the market. The following day the stock fell a stomach-churning 30% to fresh all-time lows. A week later, on November 15th, … Read more