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 August 14, 2013. Click here to read the entire piece.) For a little over three months I have made the case for an Apple (AAPL) bottom (see for example “An Apple Bottom As Sentiment Finally Turns Southward (Put Buying Soars)” and/or … Read more
Amazon.com (AMZN) The day after Amazon.com (AMZN) reported earnings, it soared in typical fashion after faking out traders with a lower print. I was able to once again execute the post-earnings AMZN trade successfully. It has been all downhill for AMZN since then. On Tuesday (August 13) the stock finally closed below the intraday low … Read more
Harbalife (HLF) is on the verge of a major breakout. The stock gained another 2.5% on Friday to close at $55.80, just below the intraday high from July 31, 2012. The charts below show over a year’s worth of trading. The next chart zooms in a little so that you can read the notes I … Read more
About six weeks have passed since Apple printed an apparent bottom in the wake of the tumultuous trading surrounding its April earnings report. With the benefit of hindsight, I think it is worthwhile to look back at some important highlights to consider whether this bottom is a sustainable one and what the prospects might be … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 6, 2013. Click here to read the entire piece.) In late December, I wrote about negative sentiment growing in Apple (AAPL). Apple has fallen another 100 points since then for a 19% loss, yet, negative sentiment has not grown. In … Read more