ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
On Thursday, the stock market was rallying but Lender Processing Services (LPS) was selling off on high volume. At its lowest point, within an hour of trading, LPS was down 7.5% on heavy volume. The stock recovered the rest of the day to close down 3.5%. It turns out that LPS was mentioned during testimony … Read more
The stock market responded favorably to Thursday evening’s earnings report from Lender Processing Services, Inc (LPS) by sending the stock up 5%. Buying volume was also strong at 3.3 million shares, almost doubling the 1.7M 3-month average. *Chart created using TeleChart: I suspect a material portion of this buying came from disappointed shorts who were … Read more
I am far from bullish on the financial markets, but it is getting harder and harder to stay bearish given the accelerating negative buzz about deflation, double-dips, and, most importantly, all the talk about the uncertainty that is supposedly paralyzing the entire country, preventing business owners from operating the engines of American commerce and preventing … Read more
“Collateral Damaged: The Marketing of Consumer Debt to America” by Charles R. Geisst is a detailed and captivating examination of the history and growth of consumer debt in America. The book scrutinizes the political, cultural, social, and financial forces that converged to inflate America’s tremendous bubble in consumer credit. Geisst reaches all the way back … Read more
The news has rippled across the globe that the U.S. Securities Exchange Commission (SEC) finally got around to charging Goldman Sachs with fraud: “The SEC alleges that Goldman Sachs structured and marketed a synthetic collateralized debt obligation (CDO) that hinged on the performance of subprime residential mortgage-backed securities (RMBS). Goldman Sachs failed to disclose to … Read more
Good (or not as bad as expected) economic news has typically garnered selling in the U.S. dollar and buying in the stock market. On Friday, the good news that November’s monthly change in U.S. non-farm payrolls came in essentially flat sent the S&P 500 soaring as high as 1.7%. However, the dollar index also soared, … Read more
For Toll Brothers (TOL), history has a nasty habit of repeating itself. Over the last two quarters, TOL released preliminary earnings reports that propelled the stock to one-day double-digit gains on record trading volumes. For the second time in a row, the actual earnings report generated the exact opposite response. After the last earnings report, … Read more
(The contents of this blog do not constitute advice and should not be regarded as a recommendation to buy, sell or otherwise deal with any particular investment. Click here for more detailed disclosures and disclaimers). How to Use One-Twenty Two by Dr. Duru One-Twenty Two brings together a number of topics from across financial markets … Read more