ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I thought I was done posting for the year but two breakouts have my attention this morning. I decided to do a quick post even though trading has not yet closed for the day. NQ Mobile (NQ) caught my attention in late October when it plunged an incredible 63% on no company news, just a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 23, 2013. Click here to read the entire piece.) {snip} MODN started publicly trading in March of this year, but it did not catch my attention until it fell a gut-wrenching 32% on September 10th after a disastrous update on … Read more
A week ago, I wrote “Simple Reasons to Like IBM Despite the Headwinds.” As I feared/suspected at the time, sellers stepped in at an important resistance level. In four quick days, International Business Machines (IBM) dropped like a rock and retested presumed support from the announced expansion of the buyback. I thought I would have … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
I last reviewed International Business Machines (IBM) on July 1st of this year. At the time, the stock printed a near picture-perfect bottoming pattern (see chart below) that over-extended the stock. The bottom play lasted about two weeks before the stock’s 2013 downtrend regained control. The stock then flipped 180 degrees as it made a … Read more