ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 46.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.9% of stocks are trading above their respective 200DMAs (8-month high) VIX = 32.5 Short-term Trading Call: cautiously bullish Stock Market Commentary The stock market looked like it was warming up from a period of cooling … Read more
Soliton Stock While the general stock market sold off in September, medical device company Soliton (SOLY) finally came alive. So far, the momentum continues into this month with Soliton’s stock closing at a 2 1/2 month high. SOLY is forming a potential bottom with a higher low and two higher highs including a breakout above … Read more
Stock Market Statistics AT40 = 40.2% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 43.0% of stocks are trading above their respective 200DMAs (2 1/2 week low)VIX = 31.5Short-term Trading Call: cautiously bearish Stock Market Commentary The weeds in the stock market thickened last week. Tech stocks fertilized the … Read more
Clorox (CLX) is a stalwart of the pandemic economy. The company’s line-up of cleaning and disinfectant products are favorites for COVID-19 safety routines. While the company sells products like vitamins, bags and wraps, cat litter, food, water filtration, and natural personal care, Clorox is the cleaning company. As the cleaning company, the stock has enjoyed … Read more
Stock Market Statistics AT40 = 69.7% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 44.7% of stocks are trading above their respective 200DMAs VIX = 21.5Short-term Trading Call: cautiously bullish Stock Market Commentary A stock market that keeps its focus on positive catalysts finally gained enough … Read more