ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
Earnings announcements are supposed to reveal the fundamental strength (or weakness) in a company. The reaction to those earnings should indicate the underlying fundamentals of a company. Yet, there is no time like earnings where the contrast between the true fundamentals of a company and market sentiment can clash in the most dramatic fashion. Case … Read more