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 September 23, 2012. Click here to read the entire piece.) Over a month ago I wrote that priceline.com (PCLN) was not likely to recover its post-earnings losses in the near-term. Based on the bearish commentary on its European business and reminders … Read more
For the first time in over two months, Apple (AAPL) closed the week on a down note with a loss on Friday. These two months stand out because AAPL has tended to close the week meekly (Thursday and Friday) since 2010. Not only did this past Friday break a 9-week winning streak, but also the … 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
(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
It had to be too good to be true – Facebook (FB) CEO Mark Zuckerberg able to “motivate” his stock upward and out from the ashes of a post-IPO disaster. On Monday, September 25th, FB got hit by a bearish Barron’s article pegging Facebook’s value at $15/share. The stock subsequently crumbled under the pressure to … Read more
This is a quick follow-up on a piece I wrote about Cognizant Technology (CTSH) called “Planning to Accumulate Cognizant Technology Even As It Fights To Hold 2-Year Lows.” Since then, CTSH has rallied to fill its earnings gap from May. Source: FreeStockCharts.com I sold my position after the August earnings gap up thinking I would … 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
I watched Autozone (AZO) this morning stage another incredible comeback from post-earnings selling. In pre-market trading, AZO was down over 3% around $345. By the time trading opened, AZO rushed out the gate at $355. While it looked like a bottoming move, I failed to give the trade a try (with a stop below the … 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
(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