ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Just last week, I noted how Netflix (NFLX) neatly confirmed a bearish abandoned baby top with another earnings implosion. However, I did not discuss in more detail the implications of the stock’s strong bounce from its lows on the day although I tweeted about it. The following day, NFLX had a strong day marginally closing … Read more
Google (GOOG) reports earnings tonight (October 18th). I ran out of time for running my “earnings trade template,” but I wanted to take a few minutes to post some interesting observations on GOOG options. These may become good references for the next round of earnings. (See “Chipotle Bears Ready For Another Poor Earnings Performance But … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 30, 2012. Click here to read the entire piece.) When I wrote “Wide Options Skew Heightens Risks Of Trading Yelp.com Lockup Expiration,” my main point was that Yelp.com (YELP) put options seemed too expensive to take the risk of playing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 27, 2012. Click here to read the entire piece.) Yelp.com (YELP) has a float of 16.59M shares and shares outstanding of 61.2M. According to Eric Savitz, 52.7M shares (Class B) are available to start trading on August 29th as Yelp’s … 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: 39.6% VIX Status: 18.1 … Read more
On May 20, I wrote “How To Play The End Of Google’s ‘Nine Lives’ Around $600” where I outlined the technical case for Google (GOOG) finally breaking through $600 support. It turned out to be quite timely. With the stock now trading below the 200-day moving average (DMA) for the first time since last October, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) {snip} Since a spate of heavy call buying in February, short interest has taken a fresh plunge. It has now returned to levels last seen right before foreclosuregate exploded. Source: NASDAQ.com … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 29, 2012. Click here to read the entire piece.) {snip} JOY reports earnings on the morning of May 31st with its stock struggling to stay above 2011 lows. The weekly chart shows how for a second time JOY has lost … 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
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