ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and 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 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 are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 9, 2015. Click here to read the entire piece.) It is still very early in the new year, but I cannot help notice the relative strength exhibited by iShares Trust – iShares U.S. Home Construction ETF (ITB) and several major … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 31, 2014. Click here to read the entire piece.) The concern for some solar investors going into December was that solar stocks were being unfairly sold off in sympathy with plunging oil prices. {snip} Source: FreeStockCharts.com In early December, I … Read more
As soon as I noticed the unusually high options trading activity in Conn’s Inc. (CONN), I triggered the trade I first discussed on December 12th. On the shortened trading day of Christmas Eve, January call options flew off the shelves in CONN. At the time of writing, the Jan $17.50s saw volume of 3,536 versus … Read more
$HLF catching my interest again as it rides into 50DMA resistance on heels of insider buying news. Shorts and put/call ratio at major highs — Dr. Duru (@DrDuru) November 26, 2014 Here are the follow-up details on this tweet from Wednesday, November 26th, 2014. Herbalife (HLF) has experienced a strong rally from recent lows. The … Read more
Intercept Pharmaceuticals, Inc. (ICPT) may indeed have the $5B blockbluster liver drug that RBC Capital Markets claimed in hiking its price target on the stock from $425 to $500. Gilead (GILD) may indeed buy out the company. Other analysts like Leerink Partners who raised its price target from $270 to $445, and Deutsche Bank who … Read more
At the time of writing, Windstream Holdings, Inc. (WIN) is surging 23.3% on news that the company received a favorable ruling from the IRS to convert to a REIT. From the press release: “Windstream (Nasdaq: WIN), a leading provider of advanced network communications, today announced plans to spin off certain telecommunications network assets into an … Read more
Technical analysis becomes particularly precarious during earnings season, but there are some intriguing charts I felt compelled to post anyway. Some telling and strong stories here… Rackspace Hosting, Inc. (RAX) RAX has given back all its gains from the initial excitement over the potential for “strategic alternatives.” Bears have added insult to injury by rushing … 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 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 are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2014. Click here to read the entire piece.) The latest U.S. non-farm employment report showed another strong print for employment in residential construction. For the 31st month in a row, seasonally adjusted employment in residential construction showed year-over-year growth. … Read more