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 May 30, 2016. Click here to read the entire piece.) KB Home (KBH) last reported earnings on March 23, 2016 for its Q1 2016 results. Perhaps in anticipation of poor results, traders sold the stock ahead of the report and sent … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
At the 9th Annual J.P. Morgan Homebuilding & Building Products Conference on May 17, 2016, Meritage Homes (MTH) released good news on guidance for the second quarter and fiscal year 2016 (link updated 8/23). MTH expects notable year-over-year gains for FY2016 across all its top metrics except home closing gross margins: Home orders: +4-6% Home … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
Apple (AAPL) reports earnings after market hours today (April 26, 2016). At the time of writing, the stock is barely holding onto support at its 50-day moving average (DMA) almost two weeks after a disastrous breach of 200DMA support. Source: FreeStckCharts.com The current sell-off sets up a great opportunity to play post-earnings upside. April is … Read more