ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Suddenly, I have to take an acquisition of Netflix (NFLX) a little more seriously. At the end of October, iconic deal shaker and maker Carl Icahn disclosed an almost 10% stake of 5,541,066 shares in Netflix (NFLX), indicating HE thinks NFLX is deal-making material. From the filing under “Purpose of Transaction”: “The Reporting Persons acquired … Read more
Just last week, I noted how Netflix (NFLX) neatly confirmed a bearish abandoned baby top with another earnings implosion. However, I did not discuss in more detail the implications of the stock’s strong bounce from its lows on the day although I tweeted about it. The following day, NFLX had a strong day marginally closing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 16, 2012. Click here to read the entire piece.) Tonight, the Reserve Bank of Australia (RBA) released its minutes for its October 2nd meeting where it cut interest rates 25 basis points to 3.25%. I was looking for a more … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 28, 2012. Click here to read the entire piece.) The British pound (FXB) was falling fast going into last week’s GDP number. The pound even broke through support at its 50-day moving average (DMA). It seemed like momentum was setting … 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