ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.1% of stocks are trading above their respective 200DMAs VIX = 10.7 (down 11.5%) Short-term Trading Call: neutral (see below for caveats) Commentary I had no idea that the previous tensions in the stock market fully priced in the … Read more
AT40 = 44.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.9% of stocks are trading above their respective 200DMAs VIX = 12.1 (up 4.9%) Short-term Trading Call: neutral Commentary The market has made no progress since my last Above the 40 post which covered the volatility and fizzle from … Read more
When I described U.S. Concrete (USCR) as a strong play on the U.S. economy, I noted I would wait for a dip in the stock before picking a spot to buy. That opportunity came a lot faster than I expected as USCR dipped down on rising volume to the top of its previous trading range. … Read more
The last Housing Market Review covered data reported in July, 2017 for June, 2017. The month from there marked a significant change in tone for home builders. The change in tone starts with the iShares U.S. Home Construction ETF (ITB) and its failure to hold support at its 50-day moving average (DMA) for the first … Read more
A month ago, Trulia published an article on the potential for renting out the spare rooms of Baby Boomers to millennials called “Boom-mates: How Empty Nesters Could Help Ease a Housing Shortage.” It was an interesting twist on the concept of multi-generational housing that generated a lot of related headlines. I took interest in the … Read more