ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 63.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 60.3% of stocks are trading above their respective 200DMAsVIX = 14.0Short-term Trading Call: neutral Stock Market Commentary The stock market started the new decade with wild swings. After starting the first trading day of the decade with a 0.8% gain … Read more
AT40 = 65.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.8% of stocks are trading above their respective 200DMAs (just under the high for 2019 of 60.2%)VIX = 13.4Short-term Trading Call: neutral Stock Market Commentary A week after my last Above the 40 post, the volatility index (VIX) is my … Read more
In early November, I wrote about Nike (NKE) ending its partnership with Amazon.com (AMZN) in a post titled “Nike Kicks Amazon.com Into Bearish Territory.” I gave the bullish case for NKE, a bearish case for AMZN, and a wildcard case for the “innocent” bystander Footlocker (FL). Here is an update on what happened in the … Read more
AT40 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 50.2% of stocks are trading above their respective 200DMAsVIX = 16.0 (up 7.0% and went as high as 18.0)Short-term Trading Call: neutral Stock Market Commentary It was fun for the short time it lasted. The speculative turn in the stock … Read more
A Failed Pilot “…with a direct partnership, Nike will be able to ‘elevate the way the brand is presented’ by gaining more control over how its products are marketed on the site…” Former Nike CEO Mark Parker quoted in CNN Business (June 29, 2017) In 2017, the Nike (NKE) pilot with Amazon.com (AMZN) held a … Read more