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 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
(This is an excerpt from an article I originally published on Seeking Alpha on March 26, 2012. Click here to read the entire piece.) According to ETF Channel, Best Buy (BBY) is the second largest holding of the SPDR S&P Retail ETF (XRT). Yet, BBY is greatly underperforming this retail ETF. While XRT is at … 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: 88% (overbought day #25) … 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: 83% (overbought day #20) … 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: 35% VIX Status: 26 … 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: 65% VIX Status: 28 … Read more
The saga of Best Buy’s bottom has now developed in a strange fashion. For two months now, I have maintained a laser focus on the buying opportunity in Best Buy (BBY) stock based on some stabilization around the 2009 lows. In the last post, I pointed out that sellers may have finally been washed out … Read more
Almost a month ago, I made the case for buying some Best Buy (BBY) stock as it retested its 2009 lows. BBY proceeded to rally 5%, break to marginal new lows in early September, break those lows on an intraday basis after reporting apparently disappointing earnings, and now a fresh rally. The post-earnings rally has … Read more
More and more stocks are hitting, and breaking, their March, 2009 and/or Fall, 2008 lows. For those people who missed out on the buying opportunities at that time, now seems like one of those rare moments where the market offers up a second chance. I am using similar logic to buy commodity-related stocks that have … Read more