ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On April 27, 2016 I lamented that I managed to miss the next post-earnings buying point for Alcoa (AA). A second chance has appeared in the form of a retest of support at AA’s 50-day moving average (DMA). Source: FreeStockCharts.com AA broke out in late April, but the gains all came in a single one-day … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 28, 2011. Click here to read the entire piece.) The Federal Reserve’s second phase of quantitative easing (QE2) is slowly becoming a distant memory…{snip} The stark contrast between winning and losing stocks (S&P 500 index versus many commodity stocks) leaves … Read more
Excitement over earnings almost trumped technicals today. The S&P 500 tipped over and then faded back ever so slightly from its 50-day moving average (DMA). Earnings news typically trumps technicals, but I was pretty convinced looming overhead resistance would hold firm no matter then news given the weak buying volume coming into today. Buying volume … Read more
Whenever the market sells off, it is good to track whether the selling marks any change in character in the health of the market. Back in June, the change in character was marked by the deepest oversold conditions since March. Those conditions deepened into July and helped provide the fuel for the next strong leg … Read more