ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In Memoriam: Mark Haines – CNBC Veteran journalist Mark Haines, a fixture on CNBC for 22 years, died unexpectedly Tuesday evening. He was 65 years old. CNBC President Mark Hoffman called Haines a "building block" of the financial networks' programming. (tags: CNBC MarkHaines memorial)
(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: 41% and Neutral General Trading Call: Hold. Commentary T2108 drifted upward to 41% and out of my downside target range of 30-40%. While my bias remains that this trading … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) As I feared would eventually happen, LPS sliced right through support and made fresh two-year lows. On Tuesday, LPS closed down 3.6% on a third straight day of heavy selling volume. *Chart created using TeleChart: Put … 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: 39% and Neutral General Trading Call: Cover a few shorts, identify a few longs, otherwise hold. Commentary T2108 dripped down to 39% and is now officially within my downside … Read more
As Banks Hold Foreclosed Homes, a Kink in the Housing Market – NYTimes.com The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery. All told, they own more than 872,000 … 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: 41% and Neutral General Trading Call: Hold. Commentary T2108 plunged to 41%, essentially hitting my downside target range of 30-40% when it dipped to 39% and change at one … Read more
(This is an excerpt from an EXTENSIVE article I published on Seeking Alpha. Click here to read the entire piece.) Just when you thought solar earnings could not disappoint the market any further…{snip}…LDK provided a pre-announcement that contained the news that the company canceled a debt offering because interest rates are higher than expected. This … Read more
GT Solar could be next solar takeover target | Reuters Solar and LED equipment manufacturer GT Solar International Inc's string of contract wins and robust share gains this year could attract suitors eager for a foothold in a relatively stable corner of the volatile solar power industry. (tags: solar GTSolar M&A)
The dollar index gained 0.75% on Friday as another phase of fears of Greece sent folks out the euro and into U.S. dollars. The 50-day moving average (DMA) has held as near-perfect support but Friday’s move has the shape of a bounce looking for follow-through. *Charts created using TeleChart: Follow-through from here, like a new … 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% and Neutral General Trading Call: Hold. Commentary T2108 dropped back to 51%, suggesting that a trip to the 30-40% range remains in sight over the next week or … Read more