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 September 14, 2012. Click here to read the entire piece.) Skullcandy (SKUL), a developer and distributor of audio accessories, is back in focus. Morgan Stanley (MS) slammed the company with a downgrade from overweight to equal weight and a cut in … 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
It had to be too good to be true – Facebook (FB) CEO Mark Zuckerberg able to “motivate” his stock upward and out from the ashes of a post-IPO disaster. On Monday, September 25th, FB got hit by a bearish Barron’s article pegging Facebook’s value at $15/share. The stock subsequently crumbled under the pressure to … Read more
In numerous posts I have described the intriguingly consistent and profitable relationship between the Australian dollar (FXA) and the S&P 500 (for example, see “A Hypothesis for the Connection Between the Australian Dollar and the S&P 500“). In recent weeks, I have also noticed periodic patterns in the way the Australian dollar trades versus the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 7, 2012. Click here to read the entire piece.) In “Home Builders Don’t Have Enough Workers to Meet New Demand“, CNBC reports that housing markets with strong demand are reporting severe shortages of labor. These strong markets include the Western … Read more