ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro/Summary The housing market has become a lot more dynamic than usual, so over the past few months I have written more pieces beyond the monthly housing market review. The current economic crisis coming from the coronavirus pandemic has increased my frequency of coverage. The most telling moments came when I wrote to … Read more
The change was swift and dramatic. In mid-February, Redfin (RDFN) delivered a very bullish earnings report proclaiming it’s on “like Donkey Kong.” In the face of nascent concerns about the coronavirus (covid-19) threat, on March 11th Redfin (RDFN) delivered a semi-reassuring press release titled “Housing Demand Holding Up Surprisingly Well, For Now.” Two weeks and … Read more
AT40 = 3.8% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd oversold day)AT200 = 5.0% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 65.5Short-term Trading Call: bullish Stock Market Commentary First a dose of hope: “Coronavirus treatment: Palo Alto woman recovers from coronavirus after … Read more
AT40 = 2.5% of stocks are trading above their respective 40-day moving averages (DMAs) (20th oversold day)AT200 = 3.7% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 61.7Short-term Trading Call: bullish Stock Market Commentary The week did not start as I feared with a 5th circuit breaker shut-down … Read more
The grinding bear market in financial markets has quickly created what I am calling “A Culture of Collapse.” The collapse is on vivid display in the stocks of home builders and other related housing and construction stocks. I cataloged the collapse in housing-related stocks that took on dramatic form two days ago. The iShares Dow … Read more