A Stock Market Cooling – Above the 40 (October 16, 2020)

Stock Market Statistics AT40 = 56.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.1% of stocks are trading above their respective 200DMAs VIX = 27.4 Short-term Trading Call: cautiously bullish Stock Market Commentary The stock market made a bullish move last week as financials broke out, but I noted … Read more

A Tech Stock Breakdown While Rest of Market Yawns – Above the 40 (September 18, 2020)

Stock Market Statistics AT40 = 43.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 44.9% of stocks are trading above their respective 200DMAsVIX = 25.8Short-term Trading Call: cautiously bearish Stock Market Commentary Tech stocks led the way up, and now they are leading the way down. The top 1% of the … Read more

An All-Time High Defines History, Not the Future

The S&P 500 (SPY) traded at an all-time high last week. This milestone means that the broad-based index never closed above that level, 2954.20, before that time. Specifically, “all-time” is an adjective with two meanings according to Dictionary.com: “never surpassed or greater” “regarded as such in its entire history” Despite the clarity of this definition, … Read more

When Your Best Is Not Good Enough: The James Harrison School of Investing

https://instagram.com/p/6aXCJ2JFi5/ I heard about this Instagram post on CNBC of all places. The article was brief and just reported the news. I was expecting some commentary directly linking this to financial markets. Seeing none, I will make my own link here. James Harrison is a linebacker in America’s National Football League. He plays for a … Read more

Dan Marino Still Stands Out Despite Losing the Record for Passing Yards to Drew Brees

In this post, I take a detour from the analysis of financial markets to another passion of mine, professional football! The analytical lesson here is that context and relative comparisons are always important to understand the true significance of performance. Moreover, trying hard is a sufficient criteria for success, but trying a LOT is likely … Read more