ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Yesterday, March 24th, Twitter (TWTR) made an impressive breakout above the $50 battle line which defines the TWTR’s intraday high on its first day trading. Seeing the bullish move, it occurred to me I had not updated my comparison chart of internet stock valuations in a very long time. As luck would have it, I … 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
(This is an excerpt from an article I originally published on Seeking Alpha on May 14, 2014. Click here to read the entire piece.) I last wrote about Twitter (TWTR) three months ago to conclude that the “crescendo top” in the stock was confirmed and to review the importance of sentiment in determining the fate … 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
When Nomura upgraded Twitter (TWTR) on May 28th to a “buy” with a $43 price target, the subsequent bounce that sent the stock up 10.7% on the day had all the appearances of a convincing bottom. The stock had previously drifted lower for two weeks to create a “soft” retest of all-time lows. Earlier analyst … Read more