ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Central Banks' First-Half Gold Buying Surpasses 2010 Total – CNBC Central banks have bought more gold in the first half of this year than in all of 2010 as a long-anticipated reversal in so-called "official sector" sales gathers pace, a gold group reported on Thursday. (tags: gold central_banks)
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) On July 11, GT Solar (SOLR) fell 4% in the wake of an ominous headline from Solarbuzz® titled “PV Equipment Spending to Fall by Nearly Half in 2012.” This article is a synopsis of Solarbuzz’s … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The management at Research In Motion (RIMM) disappointed this past week as it appears they failed to launch the long-awaited buyback. Who can blame them? It was a week of dour headlines filled with yet … Read more
Broke? Not if you can print money – financial crisis – MSN Money Thus the markets, I am sure, have now concluded (as Bernanke wanted them to) that we are only a few weak data points from more quantitative easing. The bottom line to speculators is that Bernanke has your back in an even more … 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.) T2108 Status: 55%. VIX Status: 19.5. General (Short-term) Trading Call: Hold. Commentary T2108 nudged upward to 54% from 51%. As I guessed yesterday, the oversold stochastics on the S&P 500 were … 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.) T2108 Status: 51%. VIX Status: 21. General (Short-term) Trading Call: Hold. Commentary T2108 dropped to 51% from 61%. My favorite technical indicator spent the previous three days bouncing in a tight … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) ReneSola (SOL) has come a long way down since I highlighted it near its two-year peak in late 2010. The stock has lost as much as 65% since then. SOL has reported one disappointment after … Read more
“Fed May Launch New Round of Stimulus.” So rang the headlines. The Federal Reserve seemed poised to launch another round of quantitative easing if only it had a weak economy to generate the proper excuse. An Associate Press article about steel stocks suggested that the market’s rally was specifically about the prospect of potential stimulus: … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) {snip} This piece is a follow-up post to “Preparing for Profits in a Resource-Constrained World” (Part 1) in which I discussed the implications of Jeremy Grantham’s fundamental thesis of a new world where resources are … 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.) T2108 Status: 58%, overbought period ended at 5 days. VIX Status: 18. General (Short-term) Trading Call: Hold – if no shorts were opened during the overbought period, fade any rally tomorrow … Read more