ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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
This chart review includes a follow-up from last week’s chart review of International Business Machines (IBM) and SolarCity (SCTY). International Business Machines (IBM) The potential hammer bottom I identified last week got follow-through, but it was too messy to trade. It took two days for IBM to close at a higher price than the high … 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
This post is a quick update on data that I maintain on price/sales (P/S) ratios on select internet stocks. I periodically refresh the data from Yahoo!Finance (semi-automated with links into a Microsoft Excel spreadsheet) and add the latest data to a chart. The chart is starting to get crowded so I may soon need to … 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
(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
(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
(This is an excerpt from an article I originally published on Seeking Alpha on October 22, 2012. Click here to read the entire piece.) {snip} Google (GOOG) GOOG was a stock that had a lot of momentum off the summer lows although it still trailed the NASDAQ (QQQ) year-to-date. Ironically, GOOG finally caught up to … Read more
Google (GOOG) reports earnings tonight (October 18th). I ran out of time for running my “earnings trade template,” but I wanted to take a few minutes to post some interesting observations on GOOG options. These may become good references for the next round of earnings. (See “Chipotle Bears Ready For Another Poor Earnings Performance But … 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