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 11, 2012. Click here to read the entire piece.) Almost two years ago, I wrote about Centrohterm Photovoltaics because of big equipment contracts the company signed with state-owned enterprises in China (see “Centrotherm Photovoltaics Continues Its Success in China“). {snip} … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2012. Click here to read the entire piece.) Almost a month ago, John C. Ashburn, Executive Vice President & General Counsel of Molycorp (MCP) purchased $101,300 worth of MCP stock. This purchased converted him from an insider seller during … 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: 70.4% (8th overbought day) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 9, 2012. Click here to read the entire piece.) Five months ago, I recommended Dynex (DX) as another play on a housing recovery (and bottom for 2013). The rationale was relatively straightforward: {snip} Since then, DX has managed to tack … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 8, 2012. Click here to read the entire piece.) I have written several articles now discussing the dynamics of the Australian dollar as well as its correlation with the S&P 500 (SPY). At the end of May, I wrote “Correlations … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 7, 2012. Click here to read the entire piece.) Kb Home (KBH) has finally recovered most of its losses following its March 23rd earnings report. On that day, the market took KBH down 8.5% in response to those earnings, but … Read more
In about one month, Yelp.com (YELP) doubled from its all-time lows to a retest of its all-time highest close. Along the way, Apple (AAPL) made the following announcement on June 11th: “…local search includes information for over 100 million businesses with info cards that offer Yelp ratings, reviews, available deals and photos.” YELP did not … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 6, 2012. Click here to read the entire piece.) The Australian dollar’s year-to-date performance against the U.S. dollar (FXA) is back to even. The leading “risk-on” currency has fought back from a large one month slide that featured losses of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 3, 2012. Click here to read the entire piece.) In keeping interest rates at 3.50%, the Reserve Bank of Australia (RBA) issued a relatively mundane statement on monetary policy on July 3rd. This statement contained many of the same themes … 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: 76.6% (5th overbought day) … Read more