ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The market delivered another tepid response to another stellar earnings report from Intel (INTC). After October’s earnings report, I argued that INTC was hitting peak performance. Trading following that report seemed to support my expectation. Trading after Thursday night’s earnings looks like an exclamation point on what is a potential climactic top in INTC. Prior … Read more
Last week produced some ominous chart patterns in important individual stocks. I already covered Google (GOOG) and its rare retest of support at the 50-day moving average (DMA). While I still think GOOG will succeed in its retest in the near-term, I am not so sanguine about other ominous charts. Caterpillar (CAT) survived potential climactic … Read more
Prominent properties get foreclosure notices, portend trend | ajc.com Notices of foreclosure have been placed on two more high-profile properties in Atlanta, a development observers said may be a harbinger for the industry in 2010. (tags: Atlanta Georgia foreclosure commercial_real_estate) Germany plans solar subsidy cuts from April-sources | Markets | Reuters The German government plans … Read more
Treasury Secretary Tim Geithner did not sound like much of a Treasury Secretary as he tried yet again to speak about the financial pains of the American people and express empathy. In a CNBC interview with John Harwood, Geithner claims he “doesn’t understand” how bankers can earn such large bonuses given these dark economic times … Read more
For those people counting down to the first rate hike from the Federal Reserve, New York Federal Reserve President William Dudley offered an interpretation of “extended period” for Susie Gharib of Nightly Business Report: “GHARIB: Bill, everybody wants to know what do you mean by extended period? Would you please define that for us? DUDLEY: … Read more