ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on November 29, 2015. Click here to read the entire piece.) The U.S. Federal Reserve is likely to hike interest rates in December. The Fed and economic data have finally convinced the market of an imminent rate hike, and the high odds … Read more
Kudos to outdoor retailer REI for actually giving its employees time off on Black Friday, the day after Thanksgiving. REI created an #optoutside campaign to encourage fellow enthusiasts to join vacationing employees outdoors, far away from the Black Friday shopping madness that has become quite the bewildering American consumerist tradition. Back on the asphalt, results … Read more
“Someone” really wants Arch Coal (ACI) to avoid breaking the buck. On August 5th, ACI traded as low as a buck per share before closing at $1.05/share. Two weeks later we learned Soros had been scooping up ACI shares. Trading volume on ACI has been much higher since then. On August 20th, ACI was back … Read more
The Reserve Bank of Australia (RBA) rolled out the copy and paste machine for its December statement on monetary policy. I found just two snippets of differences from the November statement that are worth noting: This time around, the RBA fingered weaker demand as a driver of lower commodity prices. In the last statement, supply, … Read more
Almost two weeks ago, I described some bullish setups on solar stocks. Here is a quick update on those setups and related trades. First Solar (FSLR) FSLR is a picture-perfect setup from 200-day moving average (DMA) support. I sold my call options into the rally that stalled a little on the shortened trading day on … Read more