ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
It now looks like Monday’s deep dive in Apple (AAPL) may have indeed represented a crescendo of selling. The buyers finally showed up in Apple after taking a five-day hiatus. The results were just as impressive as ever when buyers step up for more bites of Apple. It looks like Apple’s reawakening is Apple’s revenge. … 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: 31% VIX Status: 19.6% … Read more
Apple (AAPL) has had a rough five days. The stock has sold off for five straight days on very high selling volume with losses increasing the last two days. The 9.7% loss pales in comparison to the year-to-date 43% gains. However, this recent selling is just as ominous as the last topping pattern Apple printed … 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: 37% VIX Status: 17.2% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 9, 2012. Click here to read the entire piece.) In tweets and various posts, I have harped on the renewed strong relationship between yen strength and market weakness. In “Weakness in the Japanese Yen Is Over for Now, Part Two“, … Read more
Last year I made the case for investing in Canada in 2012 (see “Buying Canadian On Expectations For Stronger Growth“). I have only made one move since then (buying Encana Corporation (ECA) on weakness in natural gas prices) as I continue to wait for discount prices. I thought just such an opportunity had arrived in … Read more
Almost a month ago I made another case for a bottom in TBT, the ProShares UltraShort 20+ Year Treasury. The related breakout include some large, upward one-day moves. The churn included a convincingly successful retest of presumed support at the upper channel that formed the consolidation pattern for TBT’s bottom. Alas, that was not enough … 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: 21% VIX Status: 20.4% … 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: 32% VIX Status: 18.8% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 8, 2012. Click here to read the entire piece.) In early March, I took Skullcandy (SKUL) off my buy list of stocks with insider buying activity because the CFO, who was the main insider buying shares, resigned from the company … Read more