ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Spain's Solar Deals on Edge of Bankruptcy as Subsidies Founder – Bloomberg …more than 50,000 other Spanish solar entrepreneurs face financial disaster as the policy makers contemplate cutting the price guarantees that attracted their investment in the first place…by failing to control the program’s cost, Zapatero saddled Spain with at least 126 billion euros of … Read more
Since peaking in June, the dollar has arguably experienced a near freefall. These moves reflect the near certainty felt amongst investors and traders about the Federal Reserve’s intention to print more currency to forestall the threat of deflation. However, with dollar shorts at their highest levels in three years and the dollar index stalling at … Read more
China Escalates Trade Fight With U.S. on Subsidies – NYTimes.com It is highly unusual for an official of Mr. Zhang’s standing to convene a news conference on short notice and denounce the American government in such blunt terms. Should the Americans pursue the subsidy issue with the World Trade Organization, Mr. Zhang said, “the only … Read more
Three and a half years ago, I concluded that options for Google (GOOG) should be sold, not bought, ahead of earnings. This advice seemed to generally apply ever since as GOOG tended to move just enough after earnings to devalue near-the-money calls AND puts. Friday’s 11% post-earnings pop was a rare, and impressive, exception to … Read more
Three weeks ago, I generated a list of stocks that demonstrated strong buying volume over the previous five days. During those five days, the S&P 500 finally broke out above the June highs but volume remained anemic and unimpressive. I figured focusing in on the stocks that did exhibit good buying volume during that important … Read more