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 published on Seeking Alpha. Click here to read the entire piece.) In my last piece on Research In Motion (RIMM), I described the details from the company’s conference call warning on this quarter’s earnings…RIMM barely paused to take in the scenery at the October lows. The stock … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Silver failed at its 50-day moving average (DMA) resistance in spectacular fashion. Silver dropped 9% and gave up almost its entire gain from the previous three-day relief rally. Source: stockcharts.com As I mentioned in my previous … Read more
This is a quick follow-up to my piece three days ago summarizing the pre-earnings technical outlook on Apple (“Apple Teeters On Critical Support Ahead of Earnings…and the Next Sprint Higher?“). I thought I would be writing this commentary AFTER earnings, but it seems Apple (AAPL) may have already started its next sprint to higher prices. … Read more
Apple (AAPL) investors have had it relatively easy since the late 2008/early 2009 lows. As long as they were not stopped out (or panicked out) of positions in the May, 2010 “flash crash”, patience has paid off. Every stumble in the stock has marked a mere pause in the persistent stair-wise step upward to ever … Read more
In late February, I lamented that TBT, the Pro Shares UltraShort 20+ Year Treasury ETF, was careening toward a retest of the 200-day moving average (DMA) that it would lose. After three more weeks, the anticipated retest finally occurred, and TBT survived. *Chart created using TeleChart: The retest of the 200DMA was a great reminder … Read more