ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
After gaining as much as 55% this year, sellers have peeled Apple (AAPL) back to a year-to-date gain of 31%. Certainly much better than the average stock, but it still represents a large loss from the highs. An index that falls this much from highs is considered to be in a bear market! In my … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 18, 2012. Click here to read the entire piece.) Amazon.com (AMZN) reported earnings April 26th and soared in the after-hours about 22%. At the time, I decided to call an “audible” on the AMZN post-earnings play and avoid the trade … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 18.9% (Oversold day #1, … Read more
The iShares MSCI Spain Index Fund ETF (EWP) broke below its March, 2009 lows this week. EWP is now trading at 8 1/2 year lows. This major milestone is more confirmation that we can expect another roiling summer full of eurozone headlines. I provide a weekly and a daily chart for perspective. Note how volume … Read more
T2107, the percentage of stocks trading above their respective 200-day moving averages has been in decline since reaching a quick post-recession peak in late 2009. It is one sign that fewer and fewer strong stocks are supporting the overall stock market. So when the indicator takes a fresh plunge to the downside, I sit up … Read more