ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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
(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
(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
(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
Elon Musk took a small hit on his two high-flying darlings Tesla (TSLA) and Solar City (SCTY) in the wake of recent earnings. Both represent some intriguing technical trading opportunities that I review in brief here. Tesla (TSLA) I used twitter to talk about Tesla pre and post-earnings. On Tuesday, November 5, I noted a … Read more
Solar City has traded down double digits after each of its three earnings reports: 3/6/2013 -14.4% 5/13/2013 -12.4% 8/7/2013 -10.8% So of course this will happen a fourth time in a row, right? Well, not so fast. The first post-earnings decline simply reversed a pre-earnings run-up. The stock continued upward from there. The second post-earnings … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 13, 2013. Click here to read the entire piece.) First Solar (FSLR) has run an “intriguing” script since making an all-time low last August… {snip} The offering of shares is of course well-timed given the run-up. With its currency this … 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 chart review includes a follow-up from last week’s chart review of International Business Machines (IBM) and SolarCity (SCTY). International Business Machines (IBM) The potential hammer bottom I identified last week got follow-through, but it was too messy to trade. It took two days for IBM to close at a higher price than the high … Read more
International Business Machines (IBM) International Business Machines (IBM) experienced an unusually large post-earnings drop of 8.3% on April 19th. This was despite reaffirming its FY13 earnings guidance. After one more day of selling, it was off to the races. In less than a month, IBM had recovered all its post-earnings losses. The stock churned and … Read more