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. Click here to read the entire piece.) “On August 15, 2011, Evergreen Solar, Inc., a Delaware corporation (the “Company”), pursuant to the provisions of the United States Bankruptcy Code (the “Bankruptcy Code”), filed a voluntary petition in the United States Bankruptcy Court … Read more
On July 26, Apple (AAPL) finally closed above $400. I interpreted this as a very bullish signal. I waited for the next dip to make a move, and the very next day, the market seemed to offer up a gift in the form of a 2.7% pullback. I wrote the following in my technical review … 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 Status: 17% (Day #9 of the current oversold period). VIX Status: 33 General (Short-term) Trading Call: Only add … Read more
Volatility Sparks Biggest Fund Exodus Since ‘02, Surpassing Post-Lehman Period – CNBC Domestic outflows, excluding ETFs, hit $9.4 billion last week, surpassing the $9.2 billion outflow during a week in October 2008 and the most since 2002, according to a Jefferies report citing Lipper FMI data. Including International funds, net outflows were $11.4 billion. Exchange-traded … 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 Status: 19% (Day #8 of the current oversold period). VIX Status: 32. General (Short-term) Trading Call: Only add … Read more
Can Jeremy Grantham Profit From Ecological Mayhem? – NYTimes.com Grantham has often been early, the besetting sin of the value investor. Sounding the alarm and bailing out well before the peak of one bubble after another has cost him profits and clients. But if he’s right again and early again in identifying rising commodity prices … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The relief rally for the U.S. dollar that I expected after the S&P downgrade of U.S. government debt did not materialize last week. {snip}…The dollar gained 1.6% over the franc BUT not until after the … Read more
The Battered Investment Class Has No Confidence in Markets, Companies, Banks, Governments – Forbes Over the past ten years investors have been battered by the dotcom bubble(off over 50%), 9/11 (off over 25%), the credit crisis bubble(off 50%), the crash of commodities(down 25%) and now the government debt downgrade together with a dire European sovereign … 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 Status: 13% (Day #7 of the current oversold period). VIX Status: 36 General (Short-term) Trading Call: Only add … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Trades continue to trigger in the on-going sell-off in commodities. In my last listing of commodity stocks that have erased all their post-QE2 gains, I did not include stocks in agriculture, oil, or natural gas. … Read more