ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 7.0% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #3, dropped as low as 5.1%)AT200 = 21.4% of stocks are trading above their respective 200DMAs (13-month low, dropped as low as 17.8%)VIX = 40.1 (was as high as 49.5%)Short-term Trading Call: bullish Stock Market Commentary Oversold I had … Read more
AT40 = 21.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.6% of stocks are trading above their respective 200DMAs VIX = 27.9Short-term Trading Call: neutral Stock Market Commentary Synchronized breakdowns below the 50-day moving average (DMA) looked like an extreme day of selling. The follow-up was even more spectacular. … Read more
AT40 = 53.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs VIX = 13.7Short-term Trading Call: bearish Stock Market Commentary It just got tougher to stick to my recent bearish short-term trading call on the stock market. On Friday, news went … Read more
AT40 = 45.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 18.2Short-term Trading Call: cautiously bearish Stock Market Commentary I am so accustomed to the stock market’s resilience that I am already looking ahead to the rebound scenarios from … Read more
AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.8% of stocks are trading above their respective 200DMAs (just under high for 2019 of 60.2%)VIX = 12.5Short-term Trading Call: neutral Stock Market Commentary The bearish divergence finally ended between a range-bound AT40 (T2108) and an S&P 500 (SPY) steadily … Read more
When I wrote about the buying opportunity in the wake of an over-reaction to headlines on Peloton Interactive (PTON), I did not consider a scenario where a fresh catalyst quickly appeared to apply renewed downside pressure. Analysts are one of the big hazards of swing trading. The Short Citron Research is a famous short-selling shop. … Read more
Extremes in sentiment create trading opportunities. Peloton Interactive (PTON) looks like it is delivering a particularly combustible opportunity. The Commercial Over the U.S. Thanksgiving holiday, Peloton aired a commercial that celebrated the journey of a woman exercising with a Peloton bike gifted by her husband. I thought the commercial was silly, especially given the amount … Read more
AT40 = 58.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.4% of stocks are trading above their respective 200DMAsVIX = 11.9Short-term Trading Call: neutral Stock Market Commentary If “cautiously neutral” made sense, I would make that description my short-term trading call. Last week’s trading action motivated me to observe that … Read more
The Stock Performance Roku (ROKU) is up an eye-popping 402% in 2019 year-to-date. ROKU surged off a 13-month low in December, 2018, and the run-up included three straight very positive post-earnings surges. The stock hit its closing all-time high at a stratospheric $169.86 on September 6, 2019. Soon after that milestone, competitive news from Apple … Read more
From Underwhelmed to Overwhelmed Disney (DIS) finally officially jumped into the streaming wars with its introduction of Disney +. The service launched on November 12, 2019 with a press release announcing: ” Disney+, the highly anticipated streaming service from The Walt Disney Company, launched today in the U.S., Canada, and The Netherlands. With nearly 500 … Read more