ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The recent plunge in Eros International (EROS) is finally getting some mainstream media attention in the U.S. Bloomberg ran a story on Friday, October 23. This attention finally prodded EROS management to issue a statement about the latest drama in its stock. Reuters quickly followed with a story on that press release. Forbes Asia did … Read more
Two months ago I wrote “Disney’s Bearish Breakdown: A Case Study of Risk Management for Long-Term Investors” as a model for how to both respect a bearish development in a stock while staying focused on the long-term potential. Disney has already left those bearish tidings behind and is now ripping higher ahead of earnings on … Read more
The big correction of August 24, 2015 (flash crash?) indiscriminately plunged stocks across the board. Twitter (TWTR) went as low as $21.01 before bouncing back and closing at $26.23. TWTR has steadily climbed along with the rest of the wobbly, recovering stock market. The lowest CLOSE for TWTR during this period, and its all-time low, … Read more
The stock of Disney (DIS) has suffered a massive and very bearish breakdown this month. At the time of writing, the stock has lost 19% since closing at its last all-time high. Source: FreeStockCharts.com Disney’s first breakdown came earlier this month. The stock lost 9.2% and closed below its 50-day moving average (DMA) on extremely … Read more
Several authors have pointed out the difficulties in fashioning trades to take advantage of the movement in oil prices (for a recent example, see “Is Gasoline The Smart Oil Play? UGA Vs. USO“). Analyses counting off the bullish and bearish arguments on oil can fill many tomes. For example, there is fear of a drop … Read more