ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Elon Musk took a small hit on his two high-flying darlings Tesla (TSLA) and Solar City (SCTY) in the wake of recent earnings. Both represent some intriguing technical trading opportunities that I review in brief here. Tesla (TSLA) I used twitter to talk about Tesla pre and post-earnings. On Tuesday, November 5, I noted a … Read more
Solar City has traded down double digits after each of its three earnings reports: 3/6/2013 -14.4% 5/13/2013 -12.4% 8/7/2013 -10.8% So of course this will happen a fourth time in a row, right? Well, not so fast. The first post-earnings decline simply reversed a pre-earnings run-up. The stock continued upward from there. The second post-earnings … Read more
The Apple October post-earnings reaction played out amazingly close to the roadmap I provided in “Apple Earnings Technical Review – October, 2013 Edition“…except there were a lot more squiggles between points A and B than I anticipated…and my execution could have better. In this post, I review the action and recount lessons learned. First, a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 20, 2013. Click here to read the entire piece.) Homebuilders KB Home (KBH) and Lennar Corp. (LEN) both reported earnings on September 24th. I believe these were the first earnings reports for homebuilders after the Federal Reserve backed down from … Read more
It is that time again – Apple (AAPL) announces its latest earnings on October 28th. This post is another edition of my pre-earnings technical analyses that examines historical data to project the outcome for trading the day following earnings. The short story is that while I remain convinced that AAPL has turned bullish again, the … Read more