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 December 10, 2012. Click here to read the entire piece.) For over three months, First Solar (FSLR) has benefited from a lack of bad news. When FLSR announced on August 30th that it would halt deliveries of solar panels to its … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 23, 2012. Click here to read the entire piece.) Over a month ago, I claimed that First Solar (FSLR) is just a trading stock, meaning that sentiment would primarily drive the stock and both bears and bulls would find great … Read more
The stocks market’s slow action hides all sorts of dramatic action in individual stocks. For this chart review, I take a look at a range of performers. Google (GOOG) has broken out to fresh five-year highs. First Solar (FSLR) has more than doubled since its June lows. Baidu (BIDU) has sold off for over a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 13, 2012. Click here to read the entire piece.) Since reporting earnings August, 1, First Solar (FSLR) has been on a tear. {snip} This trading action represents strong follow-through to the nascent bullish action I pointed out on June 19th: … 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: 39.6% VIX Status: 18.1 … 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: 52% VIX Status: 18.3 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 23, 2012. Click here to read the entire piece.) Last week, First Solar (FSLR) cited a “…lack of legislative support for utility-scale solar projects in Europe” for a significant shutdown of manufacturing facilities in Europe and Malaysia. FSLR is also … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 7, 2012. Click here to read the entire piece.) When Energy Conversion Devices (ENERQ.PK) filed for bankruptcy in mid-February, I wrote “The Solar Fun Is Done For Now.” I should have also said that the “horror show has just begun” … Read more
It only took a day or two for First Solar (FSLR) and SunPower Corporation (SPWR) to confirm the bearish pattern I pointed out after the recent post-earnings celebration for SPWR. The charts below show rapid follow-through from the big fades that followed huge up days in each stock. Source: FreeStockCharts.com Note well that the bears … Read more
A funny thing happened after I declared the “fun is done” in solar stocks: Suntech Power Holdings (STP) pre-announced higher than expected revenues and financial results for its fourth quarter, and SunPower Corporation (SPWR) reported earnings that gave solar traders and investors fresh hope. At one point, SPWR broke out from a nice consolidation above … Read more