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 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
Just last week, I noted how Netflix (NFLX) neatly confirmed a bearish abandoned baby top with another earnings implosion. However, I did not discuss in more detail the implications of the stock’s strong bounce from its lows on the day although I tweeted about it. The following day, NFLX had a strong day marginally closing … 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
Earnings season is creating its usual spectacle of fascinating charts. Here is a sample of the ones catching my eye right now: Breakdowns Cisco Systems (CSCO) On August 16th, CSCO jumped 9.6% in response to a positive earnings report. CSCO has yet to make any progress since then. On Wednesday, the stock confirmed its breakdown … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 25, 2012. Click here to read the entire piece.) While expectations generally remain extremely bullish for Apple (AAPL) – {snip} – the short-term price action going into earnings does not reflect that bullishness. Since last printing all-time closing highs just … Read more