ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
The iShares US Home Construction ETF (ITB) has essentially reversed its entire breakdown that began in October. ITB is now up 24.4% for the year and up 30.9% from the December low. These gains outpace the S&P 500’s (SPY) rebound of 15.2% for the year and 22.8% since the December low. This out-performance means that … Read more
AT40 = 80.0% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd overbought day)AT200 = 45.5% of stocks are trading above their respective 200DMAsVIX = 14.7Short-term Trading Call: neutral Stock Market Commentary And still the waiting game rolls along. News on the US-China trade front generated some excitement to start the week, … Read more
AT40 = 85.7% of stocks are trading above their respective 40-day moving averages (DMAs) (20th overbought day)AT200 = 47.3% of stocks are trading above their respective 200DMAs (4-month high which reverses the October, 2018 breakdown)VIX = 13.5Short-term Trading Call: neutral Stock Market Commentary The waiting game continues within a bullish cloak. An extended overbought rally … Read more
AT40 = 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 1-day overperiod)AT200 = 24.6% of stocks are trading above their respective 200DMAsVIX = 20.8Short-term Trading Call: neutral Commentary Days like these remind me of the importance of technicals. Just one trading day after surging into overbought trading territory, the stock … Read more
LGI Homes (LGIH) released a strong sales report that granted investors in home builders a much needed sigh of relief. On January 7, 2019 (mislabeled as the 4th in the press release), LGIH announced: …an all-time record for home closings during a single month with 884 homes closed in December 2018, representing year-over-year growth of … Read more
AT40 = 31.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 25.5% of stocks are trading above their respective 200DMAs (just off a 32-month low)VIX = 21.2 (as high as 25.9)Short-term Trading Call: cautiously bullish CommentaryI have become convinced that 2019 is going to deliver another one of those poor trading … Read more
Pulte Homes (PHM) reported Q3 2018 earnings on October 23rd. The stock responded favorably with a 7.3% one-day gain. That same day, the S&P 500 (SPY) gapped down and sold off for four more trading days. The index now sits at a near 7-month low while PHM is holding an impressive 24.1% total post-earnings gain. … Read more
AT40 = 21.4% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 32.0% of stocks are trading above their respective 200DMAs VIX = 19.3 Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their respective … Read more
AT40 = 13.7% of stocks are trading above their respective 40-day moving averages (DMAs) – 5th day of oversold period following 4-day oversold period (as low as 10.6%) AT200 = 30.0% of stocks are trading above their respective 200DMAs (as low as 26.7%) VIX = 20.7 (as high as 24.7) Short-term Trading Call: bullish Commentary … Read more
AT40 = 16.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 3rd day of oversold period following 4-day oversold period AT200 = 33.6% of stocks are trading above their respective 200DMAs VIX = 19.9 Short-term Trading Call: bullish Commentary Friday was a day with a head-spinning mix of reassuring and ominous … Read more