ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
While writing about the attractive price of Pan American Silver (PAAS) and the seemingly imminent breakoout for silver (SLV), I neglected to note that SPDR Gold Shares (GLD) has already broken out from its extended downtrend. This move is of course inspired by Ben Bernanke’s Jackson Hole speech. At the same time the market anticipates … 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
(This is an excerpt from an article I originally published on Seeking Alpha on August 27, 2012. Click here to read the entire piece.) After three months bouncing up and down in a wide range, the British pound (FXB) is finally breaking out against the U.S. dollar (UUP). This follows a very uneventful Summer Olympics … Read more
As the stock market gains new momentum, interesting charts are bound to appear everywhere. Priceline.com (PCLN) and Baidu (BIDU) are two of many with interesting post-earnings patterns. I covered the post-earnings set-up on priceline.com (PCLN) on August 11th (see “Priceline Not Likely to Recover Post-Earnings Losses In the Near-Term“). PCLN never closed below the critical … Read more
Wednesday was a rough day for priceline.com (PCLN). The company significantly pulled back current quarter revenue and earnings guidance based on expectations for poor performance in Europe. Europe represents 60% of PCLN’s revenues. It is a wonder that Europe is only just now dragging down results. In fact, PCLN spent almost three months of this … Read more