ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 65.6% 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 the high for 2019 of 60.2%)VIX = 13.4Short-term Trading Call: neutral Stock Market Commentary A week after my last Above the 40 post, the volatility index (VIX) is my … Read more
I believe there is an old Wall Street adage that describes the inevitability of a stock hitting $100 once it gets “close enough” to that price level. One hundred is a nice round number, and it looks like a major (psychological) milestone. So when both Nike (NKE) and Carmax (KMX) suffered post-earnings pullbacks from around … Read more
AT40 = 56.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.7% of stocks are trading above their respective 200DMAsVIX = 12.6Short-term Trading Call: neutral Stock Market Commentary It appears China and the U.S. finally agreed on a Partial, Phase One Trade Deal. The bare bones basics on the deal consist … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.0% of stocks are trading above their respective 200DMAsVIX = 13.6Short-term Trading Call: neutral Stock Market Commentary Looking for buying opportunities paid off. A week that started with selling into trade troubles ended with the celebration of an exceptionally strong … Read more
In early November, I wrote about Nike (NKE) ending its partnership with Amazon.com (AMZN) in a post titled “Nike Kicks Amazon.com Into Bearish Territory.” I gave the bullish case for NKE, a bearish case for AMZN, and a wildcard case for the “innocent” bystander Footlocker (FL). Here is an update on what happened in the … 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 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 50.2% of stocks are trading above their respective 200DMAsVIX = 16.0 (up 7.0% and went as high as 18.0)Short-term Trading Call: neutral Stock Market Commentary It was fun for the short time it lasted. The speculative turn in the stock … Read more
AT40 = 53.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.7% of stocks are trading above their respective 200DMAsVIX = 12.3Short-term Trading Call: neutral Stock Market Commentary The S&P 500 (SPY) pulled back slightly last week as the stock market’s underlying bearish divergence finally proved too heavy. Yet, the pullback … Read more
AT40 = 60.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.2% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: neutral Stock Market Commentary The stock market’s slow and steady march toward Christmas continued last week. The S&P 500 (SPY) drifted slightly higher during the week until … Read more
A Failed Pilot “…with a direct partnership, Nike will be able to ‘elevate the way the brand is presented’ by gaining more control over how its products are marketed on the site…” Former Nike CEO Mark Parker quoted in CNN Business (June 29, 2017) In 2017, the Nike (NKE) pilot with Amazon.com (AMZN) held a … Read more