ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Baidu (BIDU) A little over a month ago I advised that traders watch the volume on Baidu (BIDU). I showed the history of false breakouts and of breakdowns on high volume. The bad news is that June’s breakout redux failed and led to false hopes once again that BIDU could finally end its 2-year slide. … 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 highly 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 … 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 highly 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 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 10, 2013. Click here to read the entire piece.) {snip} …a fascinating story about a 2-man team, a real estate agent and a contractor, who have gone from boom to bust and hopeful boom. They went from a whiteboard full … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2013. Click here to read the entire piece.) Last summer, America’s corn fields were plagued by drought. The conditions were dire across the U.S. at historic proportions. From the U.S. Drought Monitor July 25, 2012: {snip} At the time, … Read more