ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Ahead of Starbucks’ July earnings report, I warned that the stock was at a critical juncture. I concluded that Starbucks (SBUX) becomes a compelling short if it broke down through support. On Friday, SBUX broke down and at one point had erased all its gains for the year. Source: FreeStockCharts.com The -9.4% post-earnings performance was … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 25, 2012. Click here to read the entire piece.) Cognizant Technology (CTSH) has been one of those rare stocks over the decade that investors could just buy and hold. So when CTSH lost a nasty 19% on May 7th after … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 22, 2012. Click here to read the entire piece.) With an increasingly dour macro-economic backdrop, one might expect a very large response to Apple’s July earnings report {snip}… However, the trading action going into Tuesday evening’s earnings report was very … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 20, 2012. Click here to read the entire piece.) Spotting anomalies and/or extremes continues to provide a key catalyst when it comes to trading earnings. On July 18th, I issued a series of tweets describing a potential bullish setup to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 7, 2012. Click here to read the entire piece.) Kb Home (KBH) has finally recovered most of its losses following its March 23rd earnings report. On that day, the market took KBH down 8.5% in response to those earnings, but … Read more