ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Yelp.com (YELP) is barely a month old as a publicly traded company, but it is already printing a fascinating stock chart. YELP’s IPO was priced at $15, but it opened for trading on March 2nd, 2012 at $22. That day, the stock went as high as $26 before settling at $24.58. After dropping 15% the … 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: 41% VIX Status: 16.7% … Read more
A month ago I declared the weakness in the Japanese yen had ended. At the time, the U.S. dollar versus Japanese yen currency pair, USD/JPY or the inverse ratio in the Rydex CurrencyShares Japanese Yen Trust (FXY), had slipped for three days in a row. I turned out to be about a week too early … Read more
One month ago, Polycom (PLCM) dropped 10% seemingly out of nowhere on relatively high volume. On April 5, PLCM dropped 20% in the wake of an earnings warning in which the company stated their “…growth rate was below our overall expectations, driven primarily by shortfalls in Asia Pacific and North America.” On a GAAP basis, … 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: 44% VIX Status: 16.4% … 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: 55% VIX Status: 15.7% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 3, 2012. Click here to read the entire piece.) In its latest statement on monetary policy, the Reserve Bank of Australia (RBA) dropped more hints that it is likely biased toward further easing of monetary policy and has a preference … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 30, 2012. Click here to read the entire piece.) After traders packed up for the weekend, Groupon (GRPN) issued two warnings during the evening of March 30th. First, Groupon discovered it under-estimated its refund rate for the previous quarter. As … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 2, 2012. Click here to read the entire piece.) In January of this year, Adam Posen, External Member of the Monetary Policy Committee, Bank of England, gave a talk titled “What the return of 19th century economics means for 21st … Read more
In early March, I provided the technical case for Groupon (GRPN) to soon test its post-IPO lows. Today, GRPN did just that in the wake of a devastating financial warning (for more details see “Brace For More Surprises: Groupon Restates Earnings, Reveals Weakness In Financial Controls“). Source: FreeStockCharts.com I am now expecting GRPN to soon … Read more