ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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