ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
As I watched the U.S. dollar swiftly reverse course after some early post-employment numbers strength, I concluded that this was the final confirmation I needed that the dollar is going much lower from here. I made a point to review my list of commodity charts and then did a quick check of EWZ, the iShares … Read more
A month ago, I took issue with a UBS downgrade of Amazon (AMZN) and tried to demonstrate how this analyst action and commentary could be twisted into a blueprint for a buying opportunity. At the time, I noted that a test of the November lows on a 13% drop could produce the 8% upside potential … Read more
The stock market is officially tired of worrying about the latest crises around the globe. On Friday, the S&P 500 essentially recovered all of its post-quake losses. The last three days of buying featured low volume (no news there), but the index was still able to hurtle over the presumed resistance at the 50-day moving … Read more
One of the many interesting features of the stock market since it broke down on March 10th is that the news has often been a distraction to underlying developments in the market. Following the charts has been relatively more effective than following the news in creating a (short-term) trading strategy. T2108, the percentage of stocks … Read more
A week ago I used F5 Networks (FFIV) as a model to suggest that Finisar (FNSR) and JDS Uniphase (JDSU) showed some promise to bounce from critical support levels. I drew out the specific price points at which buys made sense and included some stops. The promise quickly led to a letdown as both FNSR … Read more