ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on February 27, 2017. Click here to read the entire piece.) In late August, 2016, I got ready to buy back into the iPath Bloomberg Cocoa SubTR ETN (NIB) as a part of my strategy to trade its price range at that … Read more
Last week I registered my surprise at silver speculators rushing to increase net long contracts to near multi-year highs. This move happened ahead of what was expected to be a parade of Fed-speak clearing the path for a March rate hike. The surge stood out even more given gold’s surge did not bring net long … Read more
AT40 = 42.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.1% of stocks are trading above their respective 200DMAs VIX = 11.7 (volatility index) Short-term Trading Call: neutral Commentary The February U.S. jobs report catalyzed the next swing in the stock market’s bear-bull knife fight. I noted in my … Read more
Century Communities (CCS) just made a new all-time high and yet it is STILL a cheap stock. CCS sits at a 0.5 price/sales ratio, 1.1 price/book ratio, 10.7 trailing P/E, and 7.6 forward P/E. Home builders typically hit 1.0 price/book ratios at the BOTTOM of a recessionary cycle. The response to CCS’s latest earnings report … Read more
AT40 = 39.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.3% of stocks are trading above their respective 200DMAs VIX = 12.3 (volatility index) Short-term Trading Call: neutral Commentary From a technical perspective, my last “Above the 40” post made as detailed a case as I can make to … Read more