ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Apple (AAPL) filled last week’s post-earnings gap in just four days. As discussed in “Apple’s Important Macro And Forex Calls And Likely Post-Earnings Recovery,” AAPL’s historical performance suggested a near certainty that this gap would get filled BEFORE the next earnings report. I gave a 50/50 chance on whether the gap would get filled in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 26, 2012. Click here to read the entire piece.) I did not think it would happen, but the dollar index finally closed above its “QE2 reference price.” {snip} I have contended that if the dollar index reached current levels, the … 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
The NASDAQ has churned mightily in an uptrend that is slowly but surely grinding upward from the June lows. Support at the 200DMA held in June and now the technology-laden index is working on holding support at the 50DMA. Embedded in this churning action are lots of chills and thrills. Two big cap tech stocks … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 11, 2012. Click here to read the entire piece.) In the past, I have only had bearish things to say about Netflix (for example, “Netflix Tags the $110 Target But More Downside To Come” from September 30, 2011). However, I … Read more
On Friday, Apple (AAPL) closed at its highs for the day and highs for the week. This has not happened since April 5th (holiday-shortened week) with AAPL a day away from its last all-time closing high. For about the next six weeks Apple sold off almost every day with one important post-earnings pop that delivered … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 26, 2012. Click here to read the entire piece.) {snip} I became so comfortable with the JNPR side of the trade that I never blinked while accumulating a fresh JNPR position over the past two and a half months without … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 20, 2012. Click here to read the entire piece.) For almost five years, GOOG has not been able to make a clean break from the $600 price level. {snip} Each time GOOG peaks just above $600, the subsequent sell-off has … Read more
It seems Friday’s stalemate was indeed a demonstration of Apple buyers finally putting up a fight. Apple’s stock is still in a short-term downtrend, but the trading action has been electrifying almost the entire way down. The wild swings and near symmetry of the move downward are the kind of “art” that only a chart … Read more
After gaining as much as 55% this year, sellers have peeled Apple (AAPL) back to a year-to-date gain of 31%. Certainly much better than the average stock, but it still represents a large loss from the highs. An index that falls this much from highs is considered to be in a bear market! In my … Read more