ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
“So I think, in hindsight, even though we’re getting all these encouraging signs, just dealing with the complexity of various kinds of national governments, their processes are more, I would say, kind of persnickety, time wise, and from a procurement point of view. So it’s just frankly, just taken longer than we anticipated. But the … Read more
The wait continues for Soliton (SOLY) to turn promise into profits through the science and business of tattoo removal. Shareholder Letter Soliton recently released its first shareholder letter as a publicly traded company. The report discussed a lot of exciting progress on core technologies and product development, but the letter left shareholders little closer to … Read more
M.D.C. Holdings (MDC) delivered another bullish report on its order flow. After the market closed on September 12th, M.D.C. Holdings announced… For the first two months of the 2019 third quarter, net new home orders increased 63% year-over-year to 1,418…The increase was driven by a 40% improvement in the monthly sales absorption rate to 3.75 … Read more
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.0Short-term Trading Call: neutral Stock Market Commentary The Trigger Finger On Tuesday (August 27), I saw enough hints of a flip from a bullish to bearish divergence … Read more
Overall Assessment I am bullish on Meritage Homes (MTH). Both the fundamentals and the technicals on the company and stock look good even following the strong performance this year and following the last earnings report. I am very late on digging into Meritage’s latest story despite pointing out the stock’s strength several times over the … Read more