ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Excerpt from an article I published on Seeking Alpha. Click here to read the entire piece: Google (GOOG) is down 9.2% since reporting earnings April 14 and now sports a forward earnings multiple of 13. At $525, GOOG is at 7-month lows and is again close to the psychologically significant $500 price level. This combination … Read more
This is a quick follow-up to my piece three days ago summarizing the pre-earnings technical outlook on Apple (“Apple Teeters On Critical Support Ahead of Earnings…and the Next Sprint Higher?“). I thought I would be writing this commentary AFTER earnings, but it seems Apple (AAPL) may have already started its next sprint to higher prices. … Read more
On Wednesday, the Office of the Comptroller of the Currency rendered punishment on Lender Processing Services, Inc. (LPS) and other financial institutions “…for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing.” (See OCC Takes Enforcement Action Against Eight Servicers for Unsafe and Unsound Foreclosure Practices). The OCC now requires mortgage … Read more
One of the many interesting features of the stock market since it broke down on March 10th is that the news has often been a distraction to underlying developments in the market. Following the charts has been relatively more effective than following the news in creating a (short-term) trading strategy. T2108, the percentage of stocks … Read more
A week ago I used F5 Networks (FFIV) as a model to suggest that Finisar (FNSR) and JDS Uniphase (JDSU) showed some promise to bounce from critical support levels. I drew out the specific price points at which buys made sense and included some stops. The promise quickly led to a letdown as both FNSR … Read more