ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Small comments can spark big moves in the currency market. Yesterday afternoon, Chris Giles of the Financial Times posted a summary of his interview with the Bank of England’s head of markets and quantitative easing Paul Fisher. Fisher rejected the notion that the Bank of England has made a conscious effort to direct future exchange … Read more
I have not reviewed T2108, the percentage of stocks trading above their 40-day moving average (DMA), or its close cousin T2107, the percentage of stocks trading above their 200-day moving average, since late April (click here for the review). For most of the intervening weeks and months, the message has remained the same: over-bought and … Read more
Solar Stocks Slide On Worries Over German Subsidies – Tech Trader Daily – Barrons.com (tags: solar energy,Germany,subsidies) Triffin’s Dilemma, Reserve Currencies, and Gold (tags: U.S dollar,Triffin's Dilemma,gold) US Dollar Doom Video from CNBC Jim Rickards, director of market intelligence for scientific consulting firm Omnis, shares his outlook for the dollar. USD to lose up to … Read more
Intel (INTC) delivered a stellar earnings report Tuesday evening with revenues and margins that beat expectations. However, do not expect an encore in the near-term because INTC’s historical performance suggests this may be as good as it gets for a while. Q3 revenues were $9.4B with consensus expectations for $9.04B. The 17% sequential growth in … Read more
Fastenal (FAST) is a $5.8B market cap industrial company that supplies components and parts for construction and manufacturing. FAST reported earnings yesterday that again confirmed a recurring theme of weakness in non-residential construction. This area has often been called “the next shoe to drop” that will presage further weakness in the economy. This drop has … Read more