ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary The pandemic recession is over as far as the housing market is concerned. The case for V-shaped recoveries was evident in the last Housing Market Review. The recovery completed in August with important new highs in existing and new home sales and in home builder sentiment. Ultra-low interest rates support … Read more
Clorox (CLX) is a stalwart of the pandemic economy. The company’s line-up of cleaning and disinfectant products are favorites for COVID-19 safety routines. While the company sells products like vitamins, bags and wraps, cat litter, food, water filtration, and natural personal care, Clorox is the cleaning company. As the cleaning company, the stock has enjoyed … Read more
I often use Google searches to understand the context for trading in Bitcoin (BTC/USD). I formalized this strategy into the Google Trends Momentum Check (GTMC). Consistently, Nigeria tops the list of countries with Bitcoin searches. A recent article in Bitcoin.com titled “Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the … Read more
The Warning The CNBC headline warned investors: “Widespread overconfidence is putting investors in a dangerous situation, Invesco’s Kristina Hooper warns.” I typically skip right past such headlines. Yet my recent switch to a cautiously bearish short-term trading call made me more receptive to the big tease. I expected to read stock market predictions about the … Read more
Stock Market Statistics AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 42.7% of stocks are trading above their respective 200DMAs VIX = 22.5Short-term Trading Call: cautiously bearish Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more