ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
At the timing of writing, Apple (AAPL) is up 0.6% for the year, essentially flat. When I last wrote about the Apple pre-earnings trade back in January, I looked back at the December 1, 2014 “flash dip” in AAPL’s stock as a lingering harbinger of more selling to come. As it turned out, AAPL sold … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
I keep looking for reasons to believe in a bottom for commodities. Recently, the big washout of sellers in commodity giant Glencore looked like such a signal. Upon closer examination, I decided that the bottom is more likely temporary than sustainable. The latest signal was the third quarter (2015) production report from Rio Tinto (RIO) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 14, 2015. Click here to read the entire piece.) {snip} This quote is the entirety of a terse and pointed press release that commodity giant Glencore (GLCNF) (GLNCY) delivered to calm market fears about the company’s business. This release came … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more