ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
ShotSpotter (SSTI) has taken investors on a wild ride since peaking in September ahead of the big market breakdown in October. The stock made an amazing recovery off the December lows and, at one point, printed a near double. Unfortunately, a secondary offering of stock, priced at $44.90, may have put the lid on the … Read more
AT40 = 63.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 41.8% of stocks are trading above their respective 200DMAsVIX = 14.3 (10.7% drop)Short-term Trading Call: bearish Stock Market Commentary The stock market’s scramble for support worked bigtime today. In my last Above the 40 post, I described the dilemma facing … Read more
AT40 = 54.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.1Short-term Trading Call: bearish Stock Market Commentary The above tweet begins the dilemmas that lay ahead for short-term trading after I first flipped bearish ahead of Thursday’s selling. First, I … Read more
It is time to abandon my bullish expectations for the Australian dollar (FXA). On March 6th Philip Lowe, the chair of the Reserve Bank of Australia (RBA), reminded financial markets that the near future holds the same likelihood for a rate cut as it does a rate hike: “There are plausible scenarios under which the … Read more
The latest airing of Marketplace included a segment titled “Making sense of housing market data.” The segment explained the five key housing data points that Marketplace uses to gauge the health of the housing market: housing starts, new home sales, existing home sales, pending home sales, and the Case-Shiller Home Price Index. In my monthly … Read more