ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
One of the many interesting features of the stock market since it broke down on March 10th is that the news has often been a distraction to underlying developments in the market. Following the charts has been relatively more effective than following the news in creating a (short-term) trading strategy. T2108, the percentage of stocks … Read more
A week ago I used F5 Networks (FFIV) as a model to suggest that Finisar (FNSR) and JDS Uniphase (JDSU) showed some promise to bounce from critical support levels. I drew out the specific price points at which buys made sense and included some stops. The promise quickly led to a letdown as both FNSR … Read more
Record $956 million pours into Japanese stock funds – Mar. 18 … Investors plowed a record amount of cash into funds that invest in Japanese equities this week, taking full advantage of a sharp drop in the Nikkei following the disaster in Japan. (tags: Japan investing stock_market)
NOW things get even more interesting for the U.S. dollar. In dramatic fashion, a tremendous surge in buying in the Swiss franc and the Japanese yen shortly after the close of the U.S. market on Wednesday set the dollar hurtling through its long-term support line. This break was long in the making and something I … Read more
Energy Dominoes From Japan | Alternative Energy Stocks Rising oil prices and increased attention towards the risks of nuclear energy in the ring of fire will increase alternatives to conventional energy production. As our mistaken assumptions about the security and sustainability of traditional energy sources fall like dominoes, alternative energy businesses become more and more … Read more
Tuesday’s expected gap down and steady buyback created a LOT of amazing charts. Many stocks I have reviewed bounced with picture-perfect accuracy off key support levels like 50DMAs and 200DMAs. The chart of the dollar index also caught my attention (as it so often does). For the past two days, the U.S. dollar has clung … Read more
Competition For Online Video Content Heats Up : NPR When it comes to providing consumers with movies and TV shows online, Netflix is king with its more than 20 million subscribers. But the competition for serving up content on computers, TV screens and mobile devices is heating up fast. (tags: Amazon Netflix video internet online_video)
The Federal Reserve meets and decides monetary policy on Tuesday right in the middle of the most tumultuous time for global financial markets perhaps since the March, 2009 lows. As the Bank of Japan (BoJ) is furiously printing money to buttress its financial system and promote calm, I fully expect the Fed to issue a … Read more
China Noses Ahead as Top Goods Producer – CNBC/Financial Times China has become the world’s top manufacturing country by output, returning the country to the position it occupied in the early 19th century and ending the U.S.’s 110-year run as the largest goods producer. (tags: China economy manufacturing)
Finisar (FNSR) was punished with a 39% one-day loss last week after announcing disappointing guidance for the current quarter that included the extremely poisonous phrase “…a slowdown in business in China.” The tremendous price drop combined with record trading volume of 40.4M shares displayed all the classic markings of complete abandonment by institutions and large … Read more