ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
“Other scenarios for the recovery phase can readily be envisaged. Given the relatively rapid decline in the number of new COVID-19 cases in Australia, it is possible to contemplate an upside scenario where most domestic restrictions on activity are relaxed a little sooner and the economy recovers somewhat faster than in the baseline scenario. The greater … Read more
Housing Market Intro and Summary Could the housing downturn already be coming to a swift end? The stocks of home builders are delivering this message. They have enjoyed a very healthy rally and recovery from the depths of the March stock market crash. The challenges ahead are large: worsening economic conditions, unemployment at historically high … Read more
Stock Market Statistics AT40 = 82.9% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 4 of last 5 trading days)AT200 = 25.4% of stocks are trading above their respective 200DMAsVIX = 27.5Short-term Trading Call: cautiously bullish (changed from neutral) Stock Market Commentary It feels surreal to write about the latest machinations … Read more
Insider Trading The stock of Camping World Holdings (CWH) has rallied an astounding 438% off its March all-time low. Despite this 2-month comeback, the stock price still attracted the attention of Chairman & CEO Marcus Lemonis. Camping World’s leader spent a little over $50,000 to buy 2,444 shares of CWH stock on May 21, 2020 … Read more
A Startling V-Shaped Recovery Meritage Homes (MTH) has become a poster child for the near V-shaped recovery for housing-related stocks. MTH achieved a startling feat on the heels of a 3.5% gain: at its highs of the day, Meritage Homes reached its post-earnings stock price on January 30th which in turn was close to a … Read more