ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In early January, Tesla Motors (TSLA) confirmed its breakout from resistance at its 200-day moving average (DMA). At that point, I got bullish on the stock from a swing trading perspective. That bullishness came to a screeching halt today. On September 4, 2014, Tesla Motors (TSLA) reached an all-time closing high of $286.04/share. The stock … Read more
AT40 Status: 67.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.8% of stocks are trading above their respective 200DMAs VIX Status: 12.0 (volatility index) Short-term Trading Call: neutral Commentary The S&P 500 (SPY) printed a positive gain for the 7th straight trading day and the 10th of the last … Read more
Popeyes Louisiana Kitchen, Inc. (PLKI) is one expensive stock, especially for a (fried chicken) restaurant: trailing P/E of 36.2, forward P/E of 28.9, price/sales of 5.5, and price/book of 187.4. PLKI most recently reported 4.7% year-over-year revenue growth and -1.9% earnings growth. (Data from Yahoo Finance). According to briefing.com, year-over-year revenue growth has stagnated in … Read more
AT40 Status: 58.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 68.5% of stocks are trading above their respective 200DMAs VIX Status: 10.9 (volatility index) Short-term Trading Call: neutral Commentary “We’re way ahead of schedule, I believe. And we’ll be announcing something, I believe, in the next two or three … Read more
AT40 Status: 53.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 66.8% of stocks are trading above their respective 200DMAs VIX Status: 11.5 (volatility index) Short-term Trading Call: neutral Commentary As is so typical of this go-stop-stop stock market, this week started without immediate follow-through to a fresh all-time high … Read more