ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on September 3, 2013. Click here to read the entire piece.) {snip} Source: FreeStockCharts.com This pullback comes ahead of what should be an exciting several weeks for Apple fans. {snip} Perhaps thanks to Carl Icahn’s famous tweets, the enthusiasm for September’s news … Read more
(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 gap down 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 … Read more
Research In Motion (RIMM) will change into BlackBerry (BBRY) on Monday, February 4, 2013. It is a change in name that is likely long overdue. I thought I would celebrate by writing a quick chart review that is also long overdue. I have not written about RIMM, uh BBRY, for almost a year. At the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 17, 2012. Click here to read the entire piece.) Apple’s rollout of the iPhone5 in China hit a perfect storm on Friday, December 14th. Rumors were flying about lackluster interest and a reduction in orders to suppliers. Analysts released reduced … Read more
Nike (NKE) Just 6 months ago, Nike (NKE) posted earnings that disappointed investors to the tune of a 9.4% one-day drop. That drop was unusually large for NKE, but it printed the stock’s low for 2012. The stock steadily ground its way higher and filled its gap down within a month. NKE next stalled at … Read more