ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In the immediate wake of the details of the Republican plan for tax reform, home builders sold off sharply. While the stock market quickly moved on, the angst in the industry continued. Toll Brothers (TOL) CEO Douglas C. Yearley plainly claimed that the proposal to reduce the cap on the mortgage interest deduction would harm … Read more
Tri Pointe Group (TPH) was the last home builder stock I sold as a part of my last cycle of home builder investments. It was also my longest-standing holding; I only exited after the sell-off inspired by the first release of details for tax reform stopped me out of the stock. The stock had a … Read more
The currency market painted a bullish interpretation of the latest monetary policy decision from the Reserve Bank of Australia (RBA). By the time of the September quarter GDP report, that incremental bullishness disappeared and setup a bearish interpretation of the Australian economy. Source: FreeStockCharts.com The net result, which includes a U.S. jobs report, is an … Read more
Almost a month ago, I celebrated a major breakout for iPath Bloomberg Cocoa SubTR ETN (NIB) by declaring a confirmed bottom. That bottom still holds but unfortunately NIB has persistently declined since then. NIB is down 15.2% from the time of that post. Source: FreeStockCharts.com At the time of my last post, the International Cocoa … Read more
When it comes to insider transactions, I only pay attention to the purchases and sales of company executives – the CEO and CFO in particular. According to an SEC filing on December 6, 2017, CFO Alan R. Stewart purchased 3,000 shares at the price of $13.53. This additional $40,590 investment is a notable vote of … Read more