ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The SPDR Gold Trust (GLD) accomplished a major milestone in the past week: it fully reversed its entire post-election loss in what looks like a major breakout. Source: StockCharts.com Speculators have been rushing back to gold likely in anticipation of these much higher prices. Source: Oanda’s CFTC’s Commitments of Traders Since 2008, here are the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2017. Click here to read the entire piece.) On June 12, 2016, I effectively threw in the towel on the Teucrium Corn ETF (CORN) and switched to a shorter-term trading strategy. Less than a month later, I concluded that … Read more
What a difference three months makes. On May 18th, I wrote “Trading Panic: Rushing Past the Exit from Brazil” to explain why I bought the big dip in iShares MSCI Brazil Capped ETF (EWZ) after Brazilian President Michel Temer was accused of bribery. I greatly under-estimated the upside opportunity at the time, and I find … Read more
On August 15, 2017, I had the privilege of interviewing Bill Sandbrook, President and CEO of U.S. Concrete (USCR), a producer of ready-mixed concrete and aggregate products for domestic construction projects. I am relatively new to this industry, so I prepared by listening to earlier interviews, reviewing USCR’s latest earnings results for Q2 2017, and … Read more
AT40 = 42.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.5% of stocks are trading above their respective 200DMAs VIX = 12.3 (volatility index fell 20.5%) Short-term Trading Call: bullish Commentary As has been the pattern for quite some time now, the latest phase of fear fizzled out fast. … Read more
The last Housing Market Review covered data reported in June, 2017 for May, 2017. The month from there was relatively sedate for home builders. For example, the iShares U.S. Home Construction ETF (ITB) went absolutely nowhere with August’s burst out the gate providing a bit of a gain. The good news is that the uptrend … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.4% of stocks are trading above their respective 200DMAs VIX = 9.4 (volatility index) (2nd lowest VIX since at least 1990!) Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) is soaring high since its impressive breakout two … Read more
AT40 = 63.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.5% of stocks are trading above their respective 200DMAs VIX = 9.5 (volatility index) (since 1990, only TWO days have been lower, both in December, 1993!) Short-term Trading Call: cautiously bullish Commentary The volatility index, the VIX, closed at … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.3% of stocks are trading above their respective 200DMAs VIX = 9.9 (volatility index) Short-term Trading Call: neutral Commentary The stock market continued its healing process from its last bout of mild indigestion. Most impressive is the S&P 500 … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 11.1 (flat) (volatility index) Short-term Trading Call: neutral Commentary Tech was back today sucking energy out of other parts of the stock market. The NASDAQ increased 0.4%, and … Read more