ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary The S&P 500 (SPY) is up 3.0% since summer trading began the day after the Memorial Day weekend. If not for the poor market breadth, the rally would look like a repeat of last year’s summer of loving stocks (sorry sell in May and go away folks). Semiconductor stocks, particularly NVIDIA Corporation … Read more
International Business Machines (IBM) International Business Machines (IBM) experienced an unusually large post-earnings drop of 8.3% on April 19th. This was despite reaffirming its FY13 earnings guidance. After one more day of selling, it was off to the races. In less than a month, IBM had recovered all its post-earnings losses. The stock churned and … Read more