Stock Market Bears Finally Draw A Line In the Sand – Above the 40 (May 12, 2020)

AT40 (T2108) sell through the overbought threshold for the second time in a week.

Stock Market Statistics AT40 = 64.9% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 3-day overbought period)AT200 = 15.4% of stocks are trading above their respective 200DMAsVIX = 33.0Short-term Trading Call: neutral Stock Market Commentary Winners and losers are still becoming ever more distinct in the stock market, but today stock … Read more

Stock Market’s New Bear/Bull Battle Lines – Above the 40 (April 22, 2020)

AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.3% of stocks are trading above their respective 200DMAsVIX = 42.0Short-term Trading Call: cautiously bullish Stock Market Commentary Crash culture started this week with an astonishing collapse in oil prices. The stock market held on admirably, especially tech stocks. … Read more

Crash Culture – A Warning In Negative Oil Prices – Above the 40 (April 20, 2020)

AT40 = 30.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.7% of stocks are trading above their respective 200DMAsVIX = 43.8Short-term Trading Call: cautiously bullish Stock Market Commentary The culture of collapse that has accompanied the coronavirus pandemic reached new lows. The on-going collapse in oil prices reached new … Read more

Stock Market Holds Tenuous Breakout from Oversold Conditions – Above the 40 (April 15, 2020)

AT40 = 21.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2nd day outside oversold conditions)AT200 = 10.1% of stocks are trading above their respective 200DMAsVIX = 40.8Short-term Trading Call: cautiously bullish Stock Market Commentary “Swift and sweeping fiscal and monetary policy responses from U.S. officials will ultimately support stock prices from … Read more

Green Shoots Push Into the Next Downtrend Threatening to Trample Stocks – Above the 40 (March 27, 2020)

AT40 = 3.8% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd oversold day)AT200 = 5.0% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 65.5Short-term Trading Call: bullish Stock Market Commentary First a dose of hope: “Coronavirus treatment: Palo Alto woman recovers from coronavirus after … Read more

A Stock Market Pivot Around Overbought As Indices Fail At Highs – Above the 40 (September 20, 2019)

AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more

A Quick Roundtrip for Apple Post-Earnings: Reviewing Trade Strategy

The bullish post-earnings scenario I painted for Apple (AAPL) worked out relatively well in the first day of trading. After AAPL quickly topped out, my proposed strategy for a calendar call spread rapidly transformed from under-performing the benchmark weekly $210 call strategy to outperforming. In the immediate wake of earnings, AAPL gapped over expected $215 … Read more

In Search of the Next Apple Pre-Earnings Trade

It was just this past weekend when I laid out my latest strategy trading Apple (AAPL) pre-earnings including updated historical data. Much to my surprise, my calendar call spread closed out at its pre-earnings profit target as AAPL followed through on Tuesday from Monday’s big 2.3% rebound. (As a reminder, my ideal scenario featured the … Read more

Apple’s Currency Index Turns A New Page In Apple’s Financial Results

(This is an excerpt from an article I originally published on Seeking Alpha on January 30, 2016. Click here to read the entire piece.) Apple (AAPL) reported Q1 2016 earnings that disappointed the market. The negative reaction was consistent with the Apple earnings trading model. This time around, I took particular interest in Apple’s accounting … Read more