ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Earnings season is creating its usual spectacle of fascinating charts. Here is a sample of the ones catching my eye right now: Breakdowns Cisco Systems (CSCO) On August 16th, CSCO jumped 9.6% in response to a positive earnings report. CSCO has yet to make any progress since then. On Wednesday, the stock confirmed its breakdown … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 25, 2012. Click here to read the entire piece.) While expectations generally remain extremely bullish for Apple (AAPL) – {snip} – the short-term price action going into earnings does not reflect that bullishness. Since last printing all-time closing highs just … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 25, 2012. Click here to read the entire piece.) This week, the S&P 500 (SPY) has broken down, providing an early warning that QE3 is not working as expected. The S&P 500 is resting precariously at support formed by the … 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 October 23, 2012. Click here to read the entire piece.) It took a while, but the British pound (FXB) finally broke down against the U.S. dollar with a recent break below the 50-day moving average (DMA). Source: FreeStockCharts.com This breakdown is … Read more