ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more
The wait continues for Soliton (SOLY) to turn promise into profits through the science and business of tattoo removal. Shareholder Letter Soliton recently released its first shareholder letter as a publicly traded company. The report discussed a lot of exciting progress on core technologies and product development, but the letter left shareholders little closer to … Read more
While the market was going wild buying call options in Toll Brothers (TOL), insiders were selling large quantities of shares. SEC filings reveal almost $2.8M in share sales. Here is a summary with emphasis on the CEO and President (note I mainly care about the sales transactions of C-level executives and SVPs and not board … Read more
AT40 = 70.3% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought)AT200 = 59.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 14.7Short-term Trading Call: neutral Stock Market Commentary Oil Soars When I wrote my last Above the 40 post, I knew about the drone strike on … Read more
The Pairs Trade Exactly one month ago, I pointed to a pairs trade using put options in Toll Brothers (TOL) and call options on the iShares Dow Jones Home Construction ETF (ITB). Home builders selling affordable and otherwise lower-priced homes were rapidly gaining favor. Toll Brothers, a builder of luxury, high-end homes, was greatly under-performing … Read more