ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
One month ago, Polycom (PLCM) dropped 10% seemingly out of nowhere on relatively high volume. On April 5, PLCM dropped 20% in the wake of an earnings warning in which the company stated their “…growth rate was below our overall expectations, driven primarily by shortfalls in Asia Pacific and North America.” On a GAAP basis, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 29, 2012. Click here to read the entire piece.) {snip} This is the change in “guidance practices” and outlook that beleaguered mobile company Research In Motion (RIMM) announced in its latest earnings report today. It has all the trappings of … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 63% VIX Status: 15.3% … Read more
Apple, Inc. (AAPL) is now up an incredible 36% for the year. Even more incredible, the stock has spent much of the year rallying in nearly straight lines, straight up. This rally has been so powerful that even the major bearish reversal in mid-February looks like a blip well-contained within a strong uptrend. The small … Read more
February 15 was a day noted around the world: Apple (AAPL) made a major bearish reversal that even non-technicians could appreciate for its fury. Here is the chart I produced on that fateful day: The tremendous surge in trading volume was a 13-month high and followed the S&P 500 down for the day – adding … Read more