ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
For the first time in over two months, Apple (AAPL) closed the week on a down note with a loss on Friday. These two months stand out because AAPL has tended to close the week meekly (Thursday and Friday) since 2010. Not only did this past Friday break a 9-week winning streak, but also the … 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
Earlier in the day, I tweeted: Finally time to short $USDCAD. At 50DMA and a 2-week post-QE3 relief rally seems “long enough” For two weeks since the Federal Reserve announced QE3, the dollar index has had a nice relief rally. Notice that the dollar index has hit its first test at the 20-day moving average … 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
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