ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 41.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.8% of stocks are trading above their respective 200DMAs VIX = 17.6 (high of 20.1)Short-term Trading Call: neutral Stock Market Commentary A Pause of Recognition I am writing about financial markets at a time when there is renewed pain … Read more
The bullish post-earnings scenario I painted for Apple (AAPL) worked out relatively well in the first day of trading. After AAPL quickly topped out, my proposed strategy for a calendar call spread rapidly transformed from under-performing the benchmark weekly $210 call strategy to outperforming. In the immediate wake of earnings, AAPL gapped over expected $215 … Read more
Last week, I made a bullish case for trading ahead of earnings for Apple (AAPL). My calendar call spread hit its initial profit target and left behind the put spread and a search for a new strategy. Last Friday, CNBC Options Action presented its own bullish case for Apple’s earnings, but I did not like … Read more
Two weeks ago I threw up a chart of Realogy (RLGY) just to have something bearish to show among a group of bullish charts. I wondered why this company of real estate agents and brokers was in a persistent decline while housing-related stocks were generally holding up well. On July 23, Realogy rolled out what … Read more
It was just this past weekend when I laid out my latest strategy trading Apple (AAPL) pre-earnings including updated historical data. Much to my surprise, my calendar call spread closed out at its pre-earnings profit target as AAPL followed through on Tuesday from Monday’s big 2.3% rebound. (As a reminder, my ideal scenario featured the … Read more