ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Autozone (AZO) was a banner stock coming out of the 2001 recession. In 2001 alone, AZO logged a 152% gain. Over the next six years, AZO gained another 67%. During the financial panic in 2008, AZO plunged but did not even come close to erasing all those hard-fought gains. In 2009, the stock barely paused … Read more
Apple (AAPL) In one month, Apple (AAPL) has gone absolutely nowhere while remaining under critical resistance at the 200-day moving average (DMA). In between, AAPL printed an impressive hammer which created a bottom in the stock right above the $500 level. The hammer pattern printed what now looks like a classic washout day of selling … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 23, 2012. Click here to read the entire piece.) Over a month ago I wrote that priceline.com (PCLN) was not likely to recover its post-earnings losses in the near-term. Based on the bearish commentary on its European business and reminders … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 11, 2012. Click here to read the entire piece.) Wednesday, August 8th was a rough day for priceline.com (PCLN). The company significantly pulled back current quarter revenue and earnings guidance based on expectations for poor performance in Europe: {snip} Moreover, … Read more
Wednesday was a rough day for priceline.com (PCLN). The company significantly pulled back current quarter revenue and earnings guidance based on expectations for poor performance in Europe. Europe represents 60% of PCLN’s revenues. It is a wonder that Europe is only just now dragging down results. In fact, PCLN spent almost three months of this … Read more
(Adapted from the original post at The Thought Blog at Ahan Analytics, LLC) The stock for U.S. Airways (LCC) is flying high, currently trading at four and half year highs. This performance is much better than the Amex airline index (XAL) which remains over 20% below highs set in 2010. Source for charts: FreeStockCharts.com Clearly, … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 63% VIX Status: 14.5% … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 65% (up from 57%) … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 13, 2011. Click here to read the entire piece.) In a healthy economy, job creation often accompanies job destruction. Resources freed in one economic activity get redirected to new sources of economic growth. This can happen when consumers take the … Read more
On December 5, Southwest Airlines (LUV) CEO Gary Kelly distributed a memo to employees describing the cost challenge ahead for the company (for example, see Bloomberg article “Southwest Fights ‘Cost Enemy’ After AMR Bankruptcy Filing“). With American Airlines (AMR) declaring bankruptcy as a way to cut its costs, Southwest became the last major carrier yet … Read more