ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I thought I was done posting for the year but two breakouts have my attention this morning. I decided to do a quick post even though trading has not yet closed for the day. NQ Mobile (NQ) caught my attention in late October when it plunged an incredible 63% on no company news, just a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 21, 2013. Click here to read the entire piece.) You know it must be a good year in the stock market when a soup and food products company can deliver 11% gains year-to-date. Unfortunately for Campbell Soup (CPB), its 11% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 5, 2013. Click here to read the entire piece.) Three months ago I wrote about about a disconnect that I perceived between investor assessments of Whirlpool (WHR) versus homebuilders like Tri Pointe Homes (TPH). {snip} Fast forward to November 4th … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 21, 2013. Click here to read the entire piece.) Last month Coldwater Creek (CWTR) issued an earnings report that made it pretty clear the company is headed toward bankruptcy unless it finds an 11th hour savior. {snip} Source: FreeStockCharts.com The … Read more
This chart review covers the following stocks Apple (AAPL), Amazon.com (AMZN), Best Buy (BBY), Skull Candy (SKUL), Priceline.com (PCLN), Hewlett-Packard (HPQ), and Caterpillar (CAT). Apple (AAPL) In retrospect, last Monday’s plunge now looks like some kind of “manipulation.” The stock plunged 3.2% on no immediate news so the selling looked like follow-through to the previous … Read more