ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
Earnings excitement is one casualty of the current selling in the market. Several big cap stocks and multinational companies generated a lot of hype and attention from their earnings results this quarter. A number of those gains have been erased and then some. Four stocks have attracted my particular interest: Apple (APPL) – A market … Read more
Just over a month has elapsed since I concluded that S&P 500 was reaching a short-term bottom but would not challenge its 52-week highs (set in January) for “many months to come.” On Thursday, the S&P 500 printed a new 52-week closing high by one penny. On Friday, the index made a new intra-day high … Read more
Last week produced some ominous chart patterns in important individual stocks. I already covered Google (GOOG) and its rare retest of support at the 50-day moving average (DMA). While I still think GOOG will succeed in its retest in the near-term, I am not so sanguine about other ominous charts. Caterpillar (CAT) survived potential climactic … Read more
Caterpillar, Inc. (CAT) closed out Tuesday’s trading with an impressive 6% gain on volume 58% higher than average. *Chart created using TeleChart: For six weeks, CAT bounced inside a small trading channel as it consolidated impressive gains from the July lows and July’s earnings report. CAT is plowing ahead despite lingering and extremely high skeptical … Read more