ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In commodities, the time to get bullish is usually when prices are pressuring the industry and sentiment is persistently and deeply negative. The time to get bearish is usually when prices are skyrocketing, industry participants are celebrating wondrous fortunes, and sentiment is as euphoric as can be. Since I am long-term bullish on cocoa, I … Read more
AT40 = 55.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 16.6 Short-term Trading Call: neutral Commentary The buyers went right back to work after bears engulfed the end of trading last week. The indices crept higher on the … Read more
AT40 = 45.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.0% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) gained 2.0% for the week. Yet the week felt like a loser given the way it ended. The … Read more
Two weeks ago I expressed concern about the poor performance of the materials sector. The sector was under-performing the general market which seemed particularly ominous given the generally strong outlook for the economy. At the time, I expressed my hope that another interview with Bill Sandbrook, CEO of U.S. Concrete (USCR), would clear the air … Read more
Source: CNBC Ever since LongFin Corp. (LFIN) soared astronomically four days into its stint as a publicly traded company, I have been fascinated by the story. At the time I covered the story, I wrote: “The trading in recent IPO LongFin Corp. (LFIN) may go down as iconic in this era of frenetic trading in … Read more