ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
The Bank of Japan (and/or the Japanese Ministry of Finance) has an excellent sense of timing technicals. Last night’s intervention to put an end to the on-going strength in the Japanese yen came just as the U.S. dollar looked ready to follow-through on its break of the important support at the 200-day moving average (DMA). … Read more
For the two weeks ending August 31, short interest in Cisco (CSCO) surged 26% to 52.4 million shares (only 0.7% of float). This is close to the current 52-week high set on March 15. Over the past year, there were only two other periods that matched this recent surge in percentage terms: short interest increased … Read more