ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
It had to be too good to be true – Facebook (FB) CEO Mark Zuckerberg able to “motivate” his stock upward and out from the ashes of a post-IPO disaster. On Monday, September 25th, FB got hit by a bearish Barron’s article pegging Facebook’s value at $15/share. The stock subsequently crumbled under the pressure to … Read more
I watched Autozone (AZO) this morning stage another incredible comeback from post-earnings selling. In pre-market trading, AZO was down over 3% around $345. By the time trading opened, AZO rushed out the gate at $355. While it looked like a bottoming move, I failed to give the trade a try (with a stop below the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2012. Click here to read the entire piece.) Federal Reserve Chairman Ben Bernanke has made the case for further monetary easing simple and straightforward. Unless some miracle happens in the economy to send growth hurtling upward (presidential campaign promises, … 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 highly 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 … Read more
The stocks market’s slow action hides all sorts of dramatic action in individual stocks. For this chart review, I take a look at a range of performers. Google (GOOG) has broken out to fresh five-year highs. First Solar (FSLR) has more than doubled since its June lows. Baidu (BIDU) has sold off for over a … Read more