ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Since the market swoon began in earnest in August, I have become increasingly interested in the stock market’s reaction to the news of insider buying by company executives. In many cases, I have made the … 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
More and more stocks are hitting, and breaking, their March, 2009 and/or Fall, 2008 lows. For those people who missed out on the buying opportunities at that time, now seems like one of those rare moments where the market offers up a second chance. I am using similar logic to buy commodity-related stocks that have … Read more
Near the end of the last oversold period toward the end of June, I identified three stocks that I claimed had to hold support to maintain a bullish outlook for the stock market for various reasons: Proctor & Gamble (PG), Clorox (CLX), and Oracle (ORCL). I titled that piece “Chart Review: These Giants Must Not … Read more
Commodities continue to exhibit a dichotomy of patterns. Some have made new 52-week (and all-time) highs as they continue to recover from June’s selling. Others, like BAL, the iPath Dow Jones-UBS Cotton Total Return Sub-Index ETN, have continued a strong sell-off. On July 18, the stock gapped down, but buyers immediately closed the gap and … Read more