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 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
Here is a very quick tax-day valuation update on select Internet-related stocks. The ordering of stocks by price-to-sales (P/S) ratios did not change much but several stocks have retreated off their most stretched valuations. However, nothing that WAS “expensive” has suddenly become “cheap” now… Click image for details… Source: P/S data from Yahoo Finance {I … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 14, 2014. Click here to read the entire piece.) Twitter (TWTR) dropped 24% after reporting much anticipated earnings on February 5th. This drop completed a quick journey from a “crescendo top” that I described (fortuitously) in late December. Shortly afterward … 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
It took a while, but Twitter (TWTR) finally retested suport just over $50. It was something I wrote about shortly after TWTR rebounded sharply from its post-earnings gap down. Note the pinpoint accuracy of the retest that you just cannot make up. Whether TWTR ultimately survives this retest is probably largely dependent on the sentiment … 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 just a very quick update on the price/sales ratios of various internet-related stocks. Twitter (TWTR) hangs on to number one despite getting shellacked in its first earnings report as a public company (for my post-earnings trading analysis see “The Twitter Post-Earnings Trade Pivots On Increasingly Negative Sentiment“). The usual suspects round out 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 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
(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
The start of 2014’s first full week of trading did not disappoint. There were fireworks to be found in all sorts of individual stocks. I am only covering three in this chart review: Twitter (TWTR), Apple (AAPL), and LinkedIn (LNKD). TWTR gapped down on Monday (January 6, 2014) forming a more definitive formation of the … Read more