ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I have waited almost a year to update my data on the valuations of internet-related stocks. The last time I turned the crank on the numbers I documented Facebook’s (FB) ascendency in the valuation ranks. I also guessed that the age of double-digit price-to-sales ratios was coming to an end with the potential exception of … Read more
At the time of writing Apple (AAPL) is down 1.6% in sympathy with a poor reaction to Microsoft’s (MSFT) that included warnings about the impact of the strong U.S. dollar (UUP). The drop has formed a bearish “abandoned baby top” kind of technical pattern just as the stock has dropped below the 50-day moving average … Read more
Here is a very quick tax-day valuation update on select Internet-related stocks. The ordering of stocks by price-to-sales (P/S) ratios did not change much but several stocks have retreated off their most stretched valuations. However, nothing that WAS “expensive” has suddenly become “cheap” now… Click image for details… Source: P/S data from Yahoo Finance {I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 20, 2013. Click here to read the entire piece.) This post rides piggyback on a recent Seeking Alpha Market Current quoting concerns from Art Cashin (formerly featured on CNBC) regarding “a bubble in cloud/mobile tech names” and is a follow-up … Read more
The 200-day moving average (DMA) has been Apple’s friend since the stock bounced from its March, 2009 lows. A break during June, 2011 was short-lived and the stock survived two more tests of this critical long-term support later that year. Starting in January of this year, Apple (AAPL) pulled sharply away from its 200DMA until … Read more