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 July 25, 2012. Click here to read the entire piece.) Cognizant Technology (CTSH) has been one of those rare stocks over the decade that investors could just buy and hold. So when CTSH lost a nasty 19% on May 7th after … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 24, 2012. Click here to read the entire piece.) The Australian dollar (FXA) continues to provide fascinating, and profitable, examples of its strong relationship with the S&P 500 (SPY). {snip} On July 23rd, another big sell-off day, the Australian dollar … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 23, 2012. Click here to read the entire piece.) Japanese Finance Minister Jun Azumi has formed a habit of warning currency markets about the strength in the Japanese yen (FXY). For example, on May 31st, with USD/JPY slightly above 78 … 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: 62.5% VIX Status: 17.5 … 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: 50.9% VIX Status: 20.5 … Read more
On July 23, Starbucks (SBUX) tested its 200-day moving average (DMA) for the first time since last October. This support held as the general stock market rallied into the close. This level also happened to coincide with SBUX’s breakout in March as SBUX moved on to fresh all-time highs. Source: FreeStockCharts.com If SBUX fails to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 22, 2012. Click here to read the entire piece.) With an increasingly dour macro-economic backdrop, one might expect a very large response to Apple’s July earnings report {snip}… However, the trading action going into Tuesday evening’s earnings report was very … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 20, 2012. Click here to read the entire piece.) Spotting anomalies and/or extremes continues to provide a key catalyst when it comes to trading earnings. On July 18th, I issued a series of tweets describing a potential bullish setup to … 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: 59.9% (ends last overbought … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 17, 2012. Click here to read the entire piece.) In “Tax Break Nears End For Online Shoppers“, the Wall Street Journal reports that the final dominoes appear to be falling in favor of providing states authority to tax online retailers. … Read more