ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
“Haters gonna hate.” That phrase was a great way for CNBC’s Jim Cramer to begin his monologue introducing his interview with Toll Brothers CEO Douglas C. Yearley. In 2018, investors have exhibited plenty of loathing for the stocks of home builders despite an on-going string of strong earnings results and the backdrop of a strong … Read more
AT40 = 57.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.5% of stocks are trading above their respective 200DMAs VIX = 12.9 Short-term Trading Call: neutral Commentary In my last Above the 40 post, I discussed the early signs of a potential run-up driven by the “fear of missing … Read more
Toll Brothers (TOL) is more than halfway through reversing a surprising post-earnings gap up a week and a half ago. The 13.8% post-earnings gain surprised me because the message from TOL was little different than its messages in the past two earnings reports that have coincided with an extended sell-off in the stock. Source: FreeStockCharts.com … Read more
AT40 = 60.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.2% of stocks are trading above their respective 200DMAs VIX = 12.0 Short-term Trading Call: neutral Commentary Last week the stock market made history by delivering the longest bull market in history. Tonight on Nightly Business Report, markets are … Read more
Redfin (RDFN) may have provided one of the first validations of the (presumed) investor fears that have weighed down the stocks of home builders since the February sell-off. In its last earnings report on August 9, 2018, RDFN provided this brief, yet significant, warning: “We expect U.S. home sales growth to slow and even perhaps … Read more