ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.9% of stocks are trading above their respective 200DMAs VIX = 9.4 Short-term Trading Call: cautiously bullish Commentary The market fatigue I pointed out last week lasted just one more day. In the spirit of this relentless bull market, … Read more
When it comes to insider transactions, I only pay attention to the purchases and sales of company executives – the CEO and CFO in particular. Last week, it was the CFO of ShotSpotter (SSTI) purchasing shares ahead of the investor conference. This time, an SEC filing after market hours revealed that the CEO bought shares … Read more
When it comes to insider transactions, I only pay attention to the purchases and sales of company executives – the CEO and CFO in particular. According to an SEC filing on December 6, 2017, CFO Alan R. Stewart purchased 3,000 shares at the price of $13.53. This additional $40,590 investment is a notable vote of … Read more
AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.6% of stocks are trading above their respective 200DMAs VIX = 11.4 Short-term Trading Call: cautiously bullish Commentary I call it a mini panic dip. Political news roiled the stock market for a brief moment, a grand 30 minutes … Read more
AT40 = 41.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.7% of stocks are trading above their respective 200DMAs VIX = 13.1 (as high as 14.5) Short-term Trading Call: cautiously bullish Commentary The narrowing rally in the stock market has officially resolved into a sell-off. The downward slide is … Read more
AT40 = 48.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 11.3 Short-term Trading Call: cautiously bullish Commentary It was by the slimmest of margins, but the S&P 500 (SPY) finally ended a week with a loss. After 8 … Read more
Almost two months ago I wrote about the strong earnings profile and prospects of ShotSpotter (SSTI), a gunfire detection and location technology company. At the time, I noted that President Trump’s threat of “fire and fury” aimed at North Korea seemed to drown out the news. Today, in the wake of a horrible tragedy of … Read more
AT40 = 38.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.0% of stocks are trading above their respective 200DMAs VIX = 11.3 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) is suddenly struggling at its 50-day moving average (DMA). The big reflex bounce from Tuesday, August 22nd has … Read more
As North Korean President Kim Jung Un and U.S. President Donald Trump shot barbs and threats at each other – threats which included Trump’s promises of fire and fury and perhaps more – ShotSpotter (SSTI), a gunfire detection and location technology company, reported earnings. I think the promising results were lost in the crossfire and … Read more
AT40 = 49.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary Here we go again. Last week, the S&P 500 slipped but did not fall off the edge. In my … Read more