ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
As a data nerd, I have a large pet peeve about the many ways in which the press and media fail to help its audiences understand the nuances in data and analysis even as I understand the need for journalistic expediency and story-telling. However, that annoyance increases by several orders of magnitude when I see … Read more
AT40 = 70.5% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 66.0% of stocks are trading above their respective 200DMAs (a TEN MONTH HIGH) VIX = 11.1 Short-term Trading Call: bullish Commentary The S&P 500 (SPY) made another all-time high as it continued … Read more
It is a good thing news releases do not yet go out as irreversible blockchain transactions. In yet one more bizarre story involving a cryptocurrency/blockchain company, LongFin (LFIN) issued a press release over GlobeNewswire that suddenly seemed to validate its recent price run-up. Several hours later, the company asked its audience to ignore that press … Read more
AT40 = 66.3% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 63.6% of stocks are trading above their respective 200DMAs VIX = 11.9 Short-term Trading Call: bullish Commentary When traders closed up shop on Friday, I am guessing they assumed, as I did, … Read more
KB Home (KBH) reported earnings last week on January 10, 2018. The reaction the next day was outright startling. The stock gapped up and did not stop rallying until it finished with a 12.3% gain and a new 10 1/2 year high. Source: FreeStockCharts.com I was so taken aback that I checked on the historical … Read more