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. Click here to read the entire piece.) Juniper Networks (JNPR) has surged 24% since I wrote about the stock’s plunge to 2 1/2 year lows. At that time, I claimed it was time to trigger my idea to do a pairs trade … Read more
At the end of September, I posted a chart review suggesting that while Netflix (NFLX) had reached the original $110 downside target, more downside was to come. The stock proceeded to bounce on a small relief rally that hit a brick wall at resistance. This brick wall was so strong that in the same day, … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 18% (2nd day of oversold conditions) VIX Status: 41 (well below 1st day of oversold period) General … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Two weeks ago, I described a potential pairs trade between Juniper Networks (JNPR) and Cisco Systems (CSCO) based on the ratio of their prices and relative valuations (see “Pairs Trade: Cisco Systems Is Catching Up … Read more
Like many strong momentum high-tech stocks, Baidu Incorporated (BIDU) has had an incredible run from its 2009 lows. In less than three years, the stock has increased over 16x from around $10 to over $160. Last week, BIDU traded below its 200-day moving average (DMA) for the first time since April, 2009. On Thursday, BIDU … Read more