ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Obama signs patent reform bill – CNN.com "We have to do everything we can to encourage the entrepreneurial spirit wherever we find it," Obama said at a signing ceremony at a high school in Arlington, Virginia. This measure "cuts away the red tape that slows down our inventors and entrepreneurs." (tags: patents patent_law Obama reform)
Almost a month ago, I made the case for buying some Best Buy (BBY) stock as it retested its 2009 lows. BBY proceeded to rally 5%, break to marginal new lows in early September, break those lows on an intraday basis after reporting apparently disappointing earnings, and now a fresh rally. The post-earnings rally has … Read more
Census: 1 in 6 Americans living in poverty | ajc.com The ranks of the nation's poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in over … Read more
On Thursday, September 15, investors and traders dumped Netflix (NFLX) on news that the company will lose 600,000 subscribers this quarter compared to the previous quarter. In 12 years, NFLX has now suffered a quarter-over-quarter loss in subscribers only twice. This occurrence represents a 2.4% reduction in customers. (For more details see AP story “Higher … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 38% VIX Status: 32 General (Short-term) Trading Call: Hold. Commentary T2108 closed at 38%. It has not … Read more