ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 Status: 67.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.8% of stocks are trading above their respective 200DMAs VIX Status: 12.0 (volatility index) Short-term Trading Call: neutral Commentary The S&P 500 (SPY) printed a positive gain for the 7th straight trading day and the 10th of the last … Read more
A little over two years ago, El Pollo Loco Holdings (LOCO), a quick serve restaurant that “offers individual and family-sized chicken meals, Mexican-inspired entrees, sides, and, alternative proteins,” was mentioned as a potential acquisition target of Jollibee Foods Corp, the largest fast food franchisor in the Philippines. LOCO closed that day at $26.25 and with … Read more
AT40 Status: 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 69.9% of stocks are trading above their respective 200DMAs VIX Status: 11.1 (volatility index) Short-term Trading Call: neutral Commentary For the first time since December, the S&P 500 (SPY) has displayed strong follow-through to a break out to fresh … Read more
Popeyes Louisiana Kitchen, Inc. (PLKI) is one expensive stock, especially for a (fried chicken) restaurant: trailing P/E of 36.2, forward P/E of 28.9, price/sales of 5.5, and price/book of 187.4. PLKI most recently reported 4.7% year-over-year revenue growth and -1.9% earnings growth. (Data from Yahoo Finance). According to briefing.com, year-over-year revenue growth has stagnated in … Read more
The volatility index, the VIX, has closed below 11 for 2 straight days, 3 of the last 6, and 6 of the last 13 days. Source: FreeStockCharts.com These low levels of the VIX seem dangerously low, and I have labelled them as such in my recent “Above the 40” posts. Yet, I have discovered the … Read more