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 October 21, 2013. Click here to read the entire piece.) Last month Coldwater Creek (CWTR) issued an earnings report that made it pretty clear the company is headed toward bankruptcy unless it finds an 11th hour savior. {snip} Source: FreeStockCharts.com The … 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 May 17, 2012. Click here to read the entire piece.) The past three earnings cycles have delivered some tremendous post-earnings successes in stocks like Amazon.com (AMZN), priceline.com (PCLN), Best Buy (BBY), and Apple (AAPL). J.C. Penney (JCP) broke my streak in … Read more
A little over a week ago, I pointed out that shorts are increasing along with a drop in the put/call ratio on J.C. Penney Company (JCP). At the time, I said that I was done buying puts on JCP. Since then, I decided to buy calls. The stock is now bouncing off 200DMA support. It … Read more
I last wrote about J.C. Penney (JCP) in March right after an ominous breakdown below its 50-day moving average (DMA) (see “Put Buyers Rush Into J.C. Penney As The Stock Breaks Down“). I soon joined the surge of put volume that occurred around that time, and the trade ended well. JCP eventually erased all its … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 10, 2012. Click here to read the entire piece.) Department store J.C. Penney (JCP) caught my attention because of its relative underperformance two days in a row. As the S&P 500 has rallied back from a sharp one-day sell-off, JCP … 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: 70% (overbought day #4) … 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 Status: 22% (2nd day of oversold conditions) VIX Status: 36 General (Short-term) Trading Call: Hold. Commentary T2108 dropped … Read more