ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Iron ore may have reached a new inflection point with a price rally coming to a halt in January and some related stocks consolidating near multi-year highs. When I last made an iron ore trade in September, 2017, I was responding to a surprise projection from the Reserve Bank of Australia (RBA) that suggested a … Read more
One part of the bear case for ShotSpotter (SSTI) is that insiders are eager to dump their positions, and their selling will crush the stock. It turned out that company executives were eager and willing to BUY company shares. When it came time for a significant holder to sell, SSTI sailed through the event just … Read more
AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.9% of stocks are trading above their respective 200DMAs VIX = 9.4 Short-term Trading Call: cautiously bullish Commentary The market fatigue I pointed out last week lasted just one more day. In the spirit of this relentless bull market, … Read more
AT40 = 57.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs VIX = 10.2 Short-term Trading Call: cautiously bullish Commentary The stock market is looking a little tired. The S&P 500 (SPY) closed at another all-time high on Tuesday and at … Read more
AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.6% of stocks are trading above their respective 200DMAs VIX = 11.4 Short-term Trading Call: cautiously bullish Commentary I call it a mini panic dip. Political news roiled the stock market for a brief moment, a grand 30 minutes … Read more