ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Here is my latest review of a few charts that have my attention: Apple (AAPL), BlackBerry (BBRY), Facebook (FB), and Autozone (AZO), Fossil (FOSL). Apple (AAPL) Fourteen (14) trading days have passed since Apple (AAPL) made a new low in its standing downtrend from last September’s all-time highs. The stock has closed above the downtrending … Read more
This is an excerpt from an article I originally published on Seeking Alpha on February 13, 2013. Click here to read the entire piece.) On Monday evening, February 11, 2013, Bernstein downgraded Facebook (FB) from Outperform to Market Perform. {snip} Source: FreeStockCharts.com In the downgrade, Bernstein cited concerns over ad pricing, revenue growth and valuation. … Read more
This is an excerpt from an article I originally published on Seeking Alpha on January 22, 2013. Click here to read the entire piece.) {snip} Seven months later, Facebook has tried to demonstrate that it is actively inventing new ways to keep its users engaged and monetized. For the last two months, the market has … 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 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
While the general market churns, individual stocks continue to tell unique stories with good trading opportunities. In this chart review, I look at recent developments in Apple (AAPL), Google (GOOG), Priceline.com (PCLN), Siemens (SI), and Facebook (FB). Apple (AAPL) AAPL’s technicals continue worsening. On Thursday, October 11, AAPL printed a bearish engulfing pattern that essentially … Read more
It had to be too good to be true – Facebook (FB) CEO Mark Zuckerberg able to “motivate” his stock upward and out from the ashes of a post-IPO disaster. On Monday, September 25th, FB got hit by a bearish Barron’s article pegging Facebook’s value at $15/share. The stock subsequently crumbled under the pressure to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2012. Click here to read the entire piece.) Netflix (NFLX) is a classic bear/bull battleground stock. Depending on your mood, you can be convinced by the bullish or the bearish arguments. {snip} In the near-term, I think the biggest … Read more
Nine days and counting. That is how many trading days have passed without Facebook (FB) marking fresh post-IPO lows. For twelve trading days, nothing but negativity swirled around the FB IPO. It was if the company itself were about to go bankrupt – taking all 900 million users with it. On May 31st, I pointed … Read more
Last week, Zillow (Z) published an infographic on its blog site purportedly describing the impact of the Facebook (FB) IPO on home listings in the local neighborhood of its Menlo Park headquarters (see “Millionaire’s Row: How Did Facebook’s IPO Affect Silicon Valley Real Estate?“). The summary caught my attention: “To illustrate the Valley’s real estate … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 8, 2012. Click here to read the entire piece.) Facebook (FB) has fallen far. Already beset by privacy concerns, now Facebook has cost a lot of people, a lot of money. So, it is understandable that it has become quite … Read more