ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On Friday, May 4, Apple (AAPL) dropped 2.9% in price and came within 5 points (0.9%) of closing its entire post-earnings gap up from April 25. During Monday’s trading, Apple’s low (at the open) brought the stock within one point of closing the gap. Click image for a larger view… Source: FreeStockCharts.com The post-earnings gap … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 27, 2012. Click here to read the entire piece.) Ahead of Apple’s (AAPL) earnings on Tuesday, April 24, I wrote the following {snip} I went on to demonstrate the strong relationship between Apple’s average price change two weeks ahead of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 23, 2012. Click here to read the entire piece.) If recent history has any relevance to the upcoming (and much anticipated) earnings announcement on April 24th from Apple (AAPL), odds favor a very positive reaction the following day. I generally … Read more
With each passing day in the April downtrend, Apple’s stock chart gets more and more interesting. Today, Apple (APPL) almost pounded out a hammer. Given the final resting point on the 50-day moving average (DMA), I would throw caution to the wind and call today’s pattern a hammer, but I am showing some deference to … Read more
It now looks like Monday’s deep dive in Apple (AAPL) may have indeed represented a crescendo of selling. The buyers finally showed up in Apple after taking a five-day hiatus. The results were just as impressive as ever when buyers step up for more bites of Apple. It looks like Apple’s reawakening is Apple’s revenge. … Read more
Apple (AAPL) has had a rough five days. The stock has sold off for five straight days on very high selling volume with losses increasing the last two days. The 9.7% loss pales in comparison to the year-to-date 43% gains. However, this recent selling is just as ominous as the last topping pattern Apple printed … 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: 21% VIX Status: 20.4% … 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: 54% VIX Status: 15.5% … Read more
I used to follow Gary Smith during the aftermath of the dot-com, tech bubble crash. I always thought of him as a master technician in the stock market. His pieces were only occasionally made available for free through the TheStreet.com and then, after a few years, he “vanished.” I believe he went off to do … 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: 15.3% … Read more