ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Gun-fire detection company ShotSpotter (SSTI) is lagging the recovery in the general stock market. Even with a 28.3% post-earnings surge on Friday, the stock still trades below its April high. Yet, those earnings suggest that ShotSpotter is on track and successfully navigating its business through the COVID-19 pandemic. Earnings Results ShotSpotter has a lumpy business … Read more
Stock Market Statistics AT40 = 72.2% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 42.3% of stocks are trading above their respective 200DMAs VIX = 22.2Short-term Trading Call: cautiously bullish Stock Market Commentary The last overbought period ended in June. The volatility index (VIX) did not drop much … Read more
Zero-emissions truck company Nikola (NKLA) has been a short-seller’s dream for almost two months given the pressure from sellers and a rapidly expanding float. As a pre-revenue company with no product in the market and a multi-billion dollar market cap, Nikola naturally attracts a lot of scrutiny. I finally got interested in the company and … Read more
Trees do not grow to the sky – even cryptocurrency trees with Bitcoin leaves. The old adage describes a core rule of the physics of price momentum. Whether buying or selling, traders and investors eventually exhaust themselves – whether existing resources are too low to maintain buying pressure or motivated sellers finally run out of … Read more
Stock Market Statistics AT40 = 51.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 35.6% of stocks are trading above their respective 200DMAs VIX = 24.5Short-term Trading Call: neutral Stock Market Commentary Major League Baseball (MLB) may be forced to wind back down, but stocks look like they are winding … Read more