ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Almost two weeks ago, I wrote a piece titled “Lender Processing Services Poised to Profit as Housing Market Worsens” in which I provided my thoughts and analysis about the latest earnings conference call for LPS. That piece included a detailed review of the entire earnings conference call. I concluded that the information management provided seemed … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Even as the market grinds lower in the current correction phase and solar stocks get slammed, GT Solar (SOLR) has stood out. Today, SOLR made new 2 1/2 year highs on the announcement of its latest … Read more
China’s sugar rush may be ending | James Saft China is an economy addicted to investment, a sort of fun house mirror of the U.S.’s addiction to consumption, with an astounding 93 percent of GDP growth in 2009 attributable to investment. That’s a strategy that worked well for years, but China’s response to the global … Read more
California governor Jerry Brown surprised the state by announcing $6.6B in additional tax revenues that were not expected in the last tax year. In the context of Silicon Valley’s frenetic scramble for new hires, perhaps these revenues would be much less surprising. The job market is hot for engineers, start-ups are getting funded (and acquired), … 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: 54% and Neutral General Trading Call: Hold. Commentary T2108 jumped 7.5 percentage points from yesterday’s 46% level. As expected, conditions were ripe for a bounce given T2108 had dropped … 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: 46% and Neutral General Trading Call: Cover some shorts. Commentary T2108 is just below April’s low of 47%. Given the S&P 500 is straddling critical support at the 50DMA … Read more
The Reserve Bank of Australia (RBA) released its minutes from its last board meeting, May 3. I reviewed these minutes curious to understand the bank’s expectations for commodity prices given the on-going sell-off in commodities. The meeting occurred just as commodities started their current sell-off, so these pressures were not salient at the time. However, … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Municipal bonds have had a very quiet rally since the January lows has accelerated in the past month as the bond market in general has found new life. The likely irony is that the economic weakness … 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: 50% and Neutral General Trading Call: Hold. Commentary T2108 is approaching its lows from last month while the S&P 500 remains above its 50DMA and 2.7% away from retesting … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Ener1 (HEV) lost 36% last week after reporting earnings that disappointed with the news of a massive $73.3M write-down of the company’s investment in Norwegian electric vehicle company THINK. HEV management insisted this action should not … Read more