ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The last Housing Market Review covered data reported in October, 2017 for September, 2017. At the time, I lamented having too small an exposure to home builders while the entire sector rallied nearly non-stop. I was counting on seasonal patterns to deliver at least one buyable dip ahead of the seasonally strong period starting in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2017. Click here to read the entire piece.) November dashed my expectation for a range-bound Teucrium Corn ETF (CORN). The November World Agricultural Supply and Demand Estimates (WASDE) threw a curve ball of sorts by further underlining surplus conditions … Read more
AT40 = 59.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.1% of stocks are trading above their respective 200DMAs VIX = 10.7 Short-term Trading Call: cautiously bullish Commentary “Time is ticking away for the bears and sellers as the period between Thanksgiving and Christmas is typically a very mild, … Read more
Trying to chase volatility higher has been like chasing fancy footwork. The S&P 500 (SPY) last completed a drawdown of 5% or more on November 4, 2016. That ended a period of pre-election weakness that began in early to mid-August, 2016. The last drawdown of 5% or more before that occurred around Brexit when the … Read more
ShotSpotter (SSTI) first came to my attention three months ago. After reviewing the company’s first earnings as a public company, I became convinced that the company’s gun detection technology and business had enough potential to be worth a speculative investment. I proceeded to accumulate shares at lower prices and at a higher price ahead of … Read more