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 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
(This is an excerpt from an article I originally published on Seeking Alpha on September 20, 2012. Click here to read the entire piece.) Three weeks ago, I marveled that Yelp.com (YELP) had surged 22.7% on the heels of the lock-up expiration of its IPO but suggested that the rally provided a better risk/reward entry … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 30, 2012. Click here to read the entire piece.) When I wrote “Wide Options Skew Heightens Risks Of Trading Yelp.com Lockup Expiration,” my main point was that Yelp.com (YELP) put options seemed too expensive to take the risk of playing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 27, 2012. Click here to read the entire piece.) Yelp.com (YELP) has a float of 16.59M shares and shares outstanding of 61.2M. According to Eric Savitz, 52.7M shares (Class B) are available to start trading on August 29th as Yelp’s … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 10, 2012. Click here to read the entire piece.) {snip}…The chart below represents all of YELP’s trading history to-date. Source: FreeStockCharts.com The chart cannot show the magnitude of the trading volume given the large distortion from the first day of … Read more
In about one month, Yelp.com (YELP) doubled from its all-time lows to a retest of its all-time highest close. Along the way, Apple (AAPL) made the following announcement on June 11th: “…local search includes information for over 100 million businesses with info cards that offer Yelp ratings, reviews, available deals and photos.” YELP did not … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 35% VIX Status: 19.9% … Read more
Two weeks ago, Yelp.com (YELP) confirmed its blow-off top with a break of critical support (see “Chart Review: Yelp.com Confirms Blow-Off Top With A Break Of Support“). That support immediately turned into resistance. After dropping close to post-IPO lows, YELP bounced, only to stop cold at resistance. After reporting earnings, YELP dropped 12% directly from … Read more
The recent batch of internet IPOs are collectively running into hard times these days despite the imminent introduction of Facebook (FB) to the public markets. On April 9, I noted a likely blow-off top in Yelp.com (YELP). Friday’s break of critical support all but confirms the top. I have updated the chart with the new … Read more