ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. 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 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 3, 2013. Click here to read the entire piece.) {snip} Another Amazon.com (AMZN) earnings call, more unimpressive guidance (this time, Q1 guidance for $15.0 to 16.6B revenue below expectations and for operating income -$285 to 65M around expectations), an immediate … Read more
For this chartfest, I do not have time to provide extensive commentary. So, this is mostly a visual presentation of the charts with some labels or notes to point your attention to what I think is most interesting from a trading perspective. Feel free to post questions if anything is not clear. Enjoy…! I have … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 6, 2012. Click here to read the entire piece.) The Amazon.com post-earnings trade ended down for this final quarter of the year. It was a rare miss that included some important moves in the stock. The chart below shows the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 29, 2012. Click here to read the entire piece.) “If Amazon were an ordinary company, investors would long ago have strapped its management to a rocket ship and sent it far, far away.” From “Amazon and Its Admirers Shrug Off … Read more
The 200-day moving average (DMA) has been Apple’s friend since the stock bounced from its March, 2009 lows. A break during June, 2011 was short-lived and the stock survived two more tests of this critical long-term support later that year. Starting in January of this year, Apple (AAPL) pulled sharply away from its 200DMA until … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 30, 2012. Click here to read the entire piece.) For the second earnings cycle in a row, I failed to execute the post-earnings trading strategy for Amazon.com (AMZN) to buy the open (see “After Amazon.com Earnings, Buy The Stock At … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 17, 2012. Click here to read the entire piece.) In “Tax Break Nears End For Online Shoppers“, the Wall Street Journal reports that the final dominoes appear to be falling in favor of providing states authority to tax online retailers. … Read more
The opportunity to go short on Amazon.com (AMZN) was short-lived. Just last week I pointed out how AMZN triggered a post-earnings short again. I missed the first breakdown and was looking to play a second move down. It was not to be. Instead, on Monday, AMZN flipped back into bullish territory. I followed suit by … Read more
On May 18th, I wrote that Amazon.com (AMZN) had triggered a post-earnings short by closing below the low of trading in the immediate aftermath of the last earnings report (at $220). However, I did not recommend pulling the trigger because the market was oversold at the time. Surprisingly, AMZN did not benefit from the market’s … Read more