ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On August 20, 2015, I wrote “A Broad and Bearish Breakdown for the Stock Market” that described a converging set of indicators which flagged short-term bearish conditions in the stock market. The post happened to precede the August, 2015 flash crash by two trading days. It was one of those moments when the technicals worked … Read more
On Monday, August 15, 2016, Nightly Business Report (NBR) started its daily broadcast by noting another triple of all-time highs across the major indices – the S&P 500 (SPY), the NASDAQ (QQQ), and the Dow Jones Industrials (DIA). From there, NBR marveled at what it called the calmest market in 75 years. The reporting was … 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 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 are … Read more
So often I see “value investors” who equate the conviction of their position and alacrity of their analysis for being able to pick a bottom in a hapless stock. If the bottom fails, sometimes these investors will continue accumulating stock with each buy delivering the welcome opportunity to lower their cost basis. Meanwhile, losses keep … 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 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 are … Read more
The shot was heard around the world of biotech: Price gouging like this in the specialty drug market is outrageous. Tomorrow I'll lay out a plan to take it on. -H https://t.co/9Z0Aw7aI6h — Hillary Clinton (@HillaryClinton) September 21, 2015 The reaction was immediate and sharp for iShares Nasdaq Biotechnology (IBB) as it lost 4.6% on … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 8, 2015. Click here to read the entire piece.) Under pressure from investors, Glenore Plc (GLNCY), the world’s largest corporate player in the commodities market, recently announced a plan to slash as much as $10.2B in debt by offering additional … 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 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 are … Read more
https://instagram.com/p/6aXCJ2JFi5/ I heard about this Instagram post on CNBC of all places. The article was brief and just reported the news. I was expecting some commentary directly linking this to financial markets. Seeing none, I will make my own link here. James Harrison is a linebacker in America’s National Football League. He plays for a … Read more
On July 29, 2015, Nightly Business Report included a poignant segment featuring the painful story of a busted stock trader in China. The path from hope (greed?) to despair sounds like a classic with a twist. At least this particular trader took too many cues from the Chinese government, a government whose policies have clearly … Read more