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 on July 27, 2013. Click here to read the entire piece.) Amazon.com’s (AMZN) last three earnings cycles were quite challenging for the AMZN post-earnings trade. As a reminder, the AMZN post-earnings strategy is simply to buy the post-earnings open and hold for … 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
Baidu (BIDU) A little over a month ago I advised that traders watch the volume on Baidu (BIDU). I showed the history of false breakouts and of breakdowns on high volume. The bad news is that June’s breakout redux failed and led to false hopes once again that BIDU could finally end its 2-year slide. … Read more
This chart review includes a follow-up from last week’s chart review of International Business Machines (IBM) and SolarCity (SCTY). International Business Machines (IBM) The potential hammer bottom I identified last week got follow-through, but it was too messy to trade. It took two days for IBM to close at a higher price than the high … 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 post is a quick update on data that I maintain on price/sales (P/S) ratios on select internet stocks. I periodically refresh the data from Yahoo!Finance (semi-automated with links into a Microsoft Excel spreadsheet) and add the latest data to a chart. The chart is starting to get crowded so I may soon need to … 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
Baidu (BIDU) is a Chinese internet company specializing in search, and it has a huge fan base. Unfortunately, the stock peaked in July, 2011 and has been on a roller coaster ride downward ever since. The long-term, weekly chart below shows how the 50-week moving average has defined the overall downtrend. The longer-term 200-week moving … Read more