ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In previous Apple chart reviews and updates, I have noted the apparent influence of the open interest put/call ratio on the overall bull/bear tone of Apple (AAPL). When the stock last bottomed – between September 16th and 17th – the open interest put/call ratio dropped to a level last seen since, you guessed it, AAPL’s … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 3, 2013. Click here to read the entire piece.) {snip} Source: FreeStockCharts.com This pullback comes ahead of what should be an exciting several weeks for Apple fans. {snip} Perhaps thanks to Carl Icahn’s famous tweets, the enthusiasm for September’s news … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2013. Click here to read the entire piece.) For a little over three months I have made the case for an Apple (AAPL) bottom (see for example “An Apple Bottom As Sentiment Finally Turns Southward (Put Buying Soars)” and/or … Read more
International Business Machines (IBM) International Business Machines (IBM) experienced an unusually large post-earnings drop of 8.3% on April 19th. This was despite reaffirming its FY13 earnings guidance. After one more day of selling, it was off to the races. In less than a month, IBM had recovered all its post-earnings losses. The stock churned and … Read more
In previous pieces, I have noted how traders and investors continued to load up on call options on Apple (AAPL) despite its persistent decline off all-time highs (for example see “Bullish Earnings Trading Patterns and Sentiment Collide With Apple’s Recent Downtrend“). It seems sentiment has finally taken a dramatic turn commensurate with the dramatic turn … Read more