ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Nike (NKE) Just 6 months ago, Nike (NKE) posted earnings that disappointed investors to the tune of a 9.4% one-day drop. That drop was unusually large for NKE, but it printed the stock’s low for 2012. The stock steadily ground its way higher and filled its gap down within a month. NKE next stalled at … 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 highly 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 … 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 highly 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 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 6, 2012. Click here to read the entire piece.) This is a quick follow-up to last week’s piece on Cognizant Technology (CTSH): “Cognizant Technology ‘On Watch’ For A Sell-Off Based On Put Option Volume.” At the time, I observed a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 28, 2012. Click here to read the entire piece.) In late July, Cognizant Technology (CTSH) was consolidating after a steep post-earnings sell-off in May. At the time, I argued this marked an opportunity to start accumulating the shares (see “Planning … Read more