ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Near the end of the last oversold period toward the end of June, I identified three stocks that I claimed had to hold support to maintain a bullish outlook for the stock market for various reasons: Proctor & Gamble (PG), Clorox (CLX), and Oracle (ORCL). I titled that piece “Chart Review: These Giants Must Not … 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.) T2108 Status: 33%. VIX Status: 23.7 General (Short-term) Trading Call: Hold. Commentary T2108 managed to nudge upward a bit after being at least as low as 29% when the S&P 500 … Read more
Are the Declines in Solar and Wind Stocks Structural, or Cyclical? | Alternative Energy Stocks I think it's fairly safe to conclude that both structural and cyclical factors have been at work in the recent declines of solar, wind, LED, and geothermal stocks. For the investor, the question should be, "Have the structural factors and … 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.) T2108 Status: 32%. VIX Status: 25.3 General (Short-term) Trading Call: Cover a few bearish positions. Continue identifying fresh bullish positions. Commentary T2108 barely changed although it was at least as low … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Last week (July 22) I summarized Seagate’s earnings commentary partially blaming a “bubble” in rare earth prices for causing a margin squeeze for the company. Seagate management claimed that the soaring prices of rare earth … Read more