ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Since peaking in June, the dollar has arguably experienced a near freefall. These moves reflect the near certainty felt amongst investors and traders about the Federal Reserve’s intention to print more currency to forestall the threat of deflation. However, with dollar shorts at their highest levels in three years and the dollar index stalling at … Read more
China Escalates Trade Fight With U.S. on Subsidies – NYTimes.com It is highly unusual for an official of Mr. Zhang’s standing to convene a news conference on short notice and denounce the American government in such blunt terms. Should the Americans pursue the subsidy issue with the World Trade Organization, Mr. Zhang said, “the only … Read more
Three and a half years ago, I concluded that options for Google (GOOG) should be sold, not bought, ahead of earnings. This advice seemed to generally apply ever since as GOOG tended to move just enough after earnings to devalue near-the-money calls AND puts. Friday’s 11% post-earnings pop was a rare, and impressive, exception to … Read more
Three weeks ago, I generated a list of stocks that demonstrated strong buying volume over the previous five days. During those five days, the S&P 500 finally broke out above the June highs but volume remained anemic and unimpressive. I figured focusing in on the stocks that did exhibit good buying volume during that important … Read more
The post-earnings selling in Intel (INTC) has become uncanny in its consistency. Four out of the last six earnings reports have resulted in selling even as INTC’s headline earnings news has generally been OK to good. Three of the four bouts of selling followed immediately after INTC opened its first post-earnings trading day higher. This … Read more
DEALTALK-5N Plus on First Solar's radar as supply crunch looms | Energy & Oil | Reuters First Solar accounts for about 70 pct of 5N Plus' revenue; GE, others entering will exacerbate CdTe supply crunch; CdTe demand seen at 260 metric tons by yr-end; 5N Plus can produce 250 metric tons annually; 5N Plus seen … Read more
A fresh buying opportunity may finally be unfolding in the solar sector. In Tech Trader Daily on Friday, Eric Savitz broke news that the U.S. government is launching an official investigation into alleged unfair trade and investment practices by the government of China in green technologies. Across the board, solar stocks were slammed in reaction … Read more
Last month, as the British pound hovered around the converging support of the 50-day moving average (DMA) and the 200DMA, I noted that the currency “awaited a catalyst” before starting a new trend versus the U.S. dollar. At the time, I suggested that catalyst depended more on dollar-related forces. Sure enough, the dollar index followed … Read more
Lender Processing Services (LPS) provides “…mortgage processing services, settlement services, mortgage performance analytics and default solutions.” The company claims that “a majority of the 50 largest U.S. banks” use its services. This business has put LPS right at the epicenter of “foreclosuregate.” On September 30, immediately before the foreclosure scandal engulfed LPS, the stock experienced … Read more
Evergreen Solar (ESLR) is picking up where it left off. ESLR ended September with a 20%, 2-day gain, and for October, the stock is already up another 50%. In just two weeks, ESLR has rolled back over four months of losses. *Chart created using TeleChart: ESLR is currently showing off its “Made in the U.S.A.” … Read more