ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on April 30, 2012. Click here to read the entire piece.) On March 8th, 2012, Molycorp (MCP) announced a critically important acquisition of Rare Earth Processor Neo Material Technologies. The next day, the market responded by sending MCP shares up 19%. Almost … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 23, 2012. Click here to read the entire piece.) Commodity stocks have generally underperformed the stock market in 2012. I still cannot decide whether this weakness represents a leading indicator of broader weakness to come or a fortuitous relief to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 16, 2012. Click here to read the entire piece.) I have been writing more and more bearishly on the Australian dollar this year (for example, see “Reserve Bank Of Australia Seems Biased Toward More Monetary Easing“). After BHP Billiton (BHP) … Read more
The last time Caterpillar, Inc. (CAT) failed a retest of all-time highs was in the middle of 2008. The stock broke down in June and it was mostly downhill from there for another year. On Tuesday, March 6th, Caterpillar confirmed another failed retest of an all-time high by breaking down below its 50DMA. Source of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 4, 2012. Click here to read the entire piece.) Right after I last updated the gold enthusiasm index last July, gold went near parabolic and peaked in about two months. In that post, I wrote that enthusiasm for gold continued … Read more