ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
The Federal Reserve’s expressed desire for quantitative easing and Operation Twist has been to lower long-term interest rates. The response to the announcement of QE3 on September 13th has not yet generated lower interest rates except for a brief moment. The iShares Barclays 20+ Year Treasury Bond Fund (TLT) is one way to play long-term … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 12, 2012. Click here to read the entire piece.) In one more day, the Federal Reserve announces its next decision on monetary policy. In anticipation, the dollar (UUP) has traded lower and lower. The Australian dollar (FXA) has been one … 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
The NASDAQ has churned mightily in an uptrend that is slowly but surely grinding upward from the June lows. Support at the 200DMA held in June and now the technology-laden index is working on holding support at the 50DMA. Embedded in this churning action are lots of chills and thrills. Two big cap tech stocks … Read more
I have written positively several times about Kb Home (KBH) this year (for example, see “KB Home ‘On Offense’ As Its Housing Markets And Pricing Power Strengthen“). KBH is up nicely for the year through a lot of turbulent price action, but it has yet to shake its former downtrend drawn from the peak of … Read more
On Friday, May 4, Apple (AAPL) dropped 2.9% in price and came within 5 points (0.9%) of closing its entire post-earnings gap up from April 25. During Monday’s trading, Apple’s low (at the open) brought the stock within one point of closing the gap. Click image for a larger view… Source: FreeStockCharts.com The post-earnings gap … Read more
Yelp.com (YELP) is barely a month old as a publicly traded company, but it is already printing a fascinating stock chart. YELP’s IPO was priced at $15, but it opened for trading on March 2nd, 2012 at $22. That day, the stock went as high as $26 before settling at $24.58. After dropping 15% the … Read more