ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Many technology stocks have rebounded sharply off their August lows. Stocks like Amazon (AMZN) and Apple (AAPL) have even managed to register fresh all-time highs in the past week. On the other hand, Google (GOOG) has gone nowhere in about two years and now faces overhead resistance yet again. In today’s trading, GOOG was turned … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Cisco Systems (CSCO) has steadily declined since reaching a peak in April, 2010. For much of this time, analysts and commentators seemed to focus on company-specific problems as the blame. It seemed competitor Juniper Networks … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 37% VIX Status: 33 General (Short-term) Trading Call: Hold. Commentary T2108 is nearly unchanged from the last … Read more
Almost a month ago, I made the case for buying some Best Buy (BBY) stock as it retested its 2009 lows. BBY proceeded to rally 5%, break to marginal new lows in early September, break those lows on an intraday basis after reporting apparently disappointing earnings, and now a fresh rally. The post-earnings rally has … Read more
On Thursday, September 15, investors and traders dumped Netflix (NFLX) on news that the company will lose 600,000 subscribers this quarter compared to the previous quarter. In 12 years, NFLX has now suffered a quarter-over-quarter loss in subscribers only twice. This occurrence represents a 2.4% reduction in customers. (For more details see AP story “Higher … Read more