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 February 1, 2012. Click here to read the entire piece.) Trading through the earnings of a highly volatile stock often feels like flipping a coin. A trader must try to predict the earnings results AND the market’s reaction to those results. … Read more
The current extended overbought period has produced many amazing chart patterns. In this chart review, I am highlighting some charts I find particularly interesting and compelling. There are impressive recoveries, stocks dancing with critical resistance, and emerging breakouts. Some charts are quite telling in that they completely contradict the presumed economic disaster from an imminent … 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: 44% VIX Status: 31 … 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: 62% VIX Status: 28 … 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: 65% VIX Status: 28 … 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.) T2108 Status: 58%, overbought period ended at 5 days. VIX Status: 18. General (Short-term) Trading Call: Hold – if no shorts were opened during the overbought period, fade any rally tomorrow … Read more
2011 has been a rough year for Google (GOOG) as the stock continues to underperform relative to the S&P 500. GOOG is down 14% year-to-date while the S&P 500 is up 6.5%. I was premature in mid-May speculating that GOOG had finally reached some kind of bottom in the wake of its bond-offering. However, a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) You know something is broken when the CEO of a company promises to spend over $1M of her own money and the stock still falls over 20%. This is the current problem with China DangDang, … Read more