ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On March 16th, ShotSpotter (SSTI) released earnings guidance with a press release titled “ShotSpotter Responds to the Covid-19 Challenge” and the sub-title “Company Initiates Resiliency Plan to Maintain Gunshot Detection Services With a Remote and Distributed Incident Review Center.” After providing details on the emergency actions the company is taking in response to protecting the … Read more
AT40 = 2.0% of stocks are trading above their respective 40-day moving averages (DMAs) (18th oversold day)AT200 = 2.6% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 66.0Short-term Trading Call: bullish Stock Market Commentary The bear market grinds on. At the time of writing, U.S. stock market futures … Read more
My first warning on Bitcoin (BTCUSD) came when Bitcoin failed to push through overhead resistance from October’s brief and failed run-up (see the horizontal line above) despite the bullish case being made at the time about the breakout. The most convincing warning came when the cryptocurrency sold off with the stock market in late February. … Read more
AT40 = 2.7% of stocks are trading above their respective 40-day moving averages (DMAs) (16th oversold day)AT200 = 4.0% of stocks are trading above their respective 200DMAsVIX = 76.5Short-term Trading Call: bullish Stock Market Commentary The week started with another stomach churning loss with the S&P 500 (SPY) losing 12.0%. It was a day where … Read more
The grinding bear market in financial markets has quickly created what I am calling “A Culture of Collapse.” The collapse is on vivid display in the stocks of home builders and other related housing and construction stocks. I cataloged the collapse in housing-related stocks that took on dramatic form two days ago. The iShares Dow … Read more