ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Looks like the days of buying EWZ after a 20% correction and waiting out the recovery may be coming to an end for now. Last week, the Brazil Index Fund ETF, EWZ, broke out above a nine-month long downtrend. *Chart created using TeleChart: This is a very bullish development and opens up the prospect of … Read more
Research In Motion (RIMM) is clearly serious about putting its cash to work. On June 24th, RIMM announced it was doubling down on its recently completed stock repurchase program by adding another 31 million share allotment. In last week’s earnings report, RIMM indicated that it essentially went all in spending a whopping $1.53 billion on … Read more
Two weeks ago, I first noted an impressive “stealth” rally in some solar stocks like SOL, LDK, and JASO. At the time, First Solar (FSLR) was flat on the year, but it still made the list because this flat performance was out-performing the general market. I also noted that FSLR was due for a pullback … Read more
The dollar put on another weak showing on Thursday as it struggles to maintain critical support at the 200-day moving average. If it were not for the Bank of Japan’s intervention to weaken the yen the previous day, it seems the dollar would be well on its way down through a technical breakdown. *Chart created … Read more
Trading and Investment Strategy: The New Short: What Steve Eisman's Betting Against Now – CNBC After making the short heard 'round the world with his bet against the subprime mortgage market, Steve Eisman, one of the key players in "The Big Short," now has his crosshairs set on the for-profit education sector. The industry makes … Read more