Tesla: A Great Time for A Bollinger Band Squeeze

Tesla (TSLA) ended the week with a 5.1% gain as it coils in the middle of a growing Bollinger Band (BB) squeeze.

Technically Speaking “…the most technical trade in almost any instrument has got to be Telsa stock….Investors love the company…there are some long-term and substantial holders…who are not inclined to sell…” – Michael Khouw, CNBC, May 8, 2020 The technicals are the main way I have come to understand and appreciate Tesla (TSLA). Once again, the … Read more

Fresh Hopes for the Canadian Dollar As Central Bank Talks Recovery

The Canadian Dollar After the Canadian dollar (USD/CAD) sold off in the wake of the Bank of Canada’s latest Monetary Policy Report (MPR), I doubled down on my bullish bet on the currency (short USD/CAD). That bet paid off as general weakness in the U.S. dollar took USD/CAD back down to its 50-day moving average … Read more

Housing Downturn: Put Spring’s Momentum On the Shelf – Housing Market Review (March, 2020)

Housing Market Intro/Summary The housing market has become a lot more dynamic than usual, so over the past few months I have written more pieces beyond the monthly housing market review. The current economic crisis coming from the coronavirus pandemic has increased my frequency of coverage. The most telling moments came when I wrote to … Read more

An Oversold Stock Market Full of Extremes Makes Fresh Bid On A Bottom – Above the 40 (March 13, 2019)

AT40 = 3.0% of stocks are trading above their respective 40-day moving averages (DMAs) (13th oversold day)AT200 = 6.5% of stocks are trading above their respective 200DMAsVIX = 57.8 (down 23.4%)Short-term Trading Call: bullish Stock Market Commentary The stock market experienced another historic day as the bear market takes on more twists and turns. The … Read more

A Failed Healing: Stock Market Further Confirms Topping Patterns – Above the 40 (January 31, 2020)

AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.9% of stocks are trading above their respective 200DMAs VIX = 18.8Short-term Trading Call: cautiously bearish Stock Market Commentary Last week, I switched from neutral for the first time in, I believe, months. I downgraded to “cautiously bearish” because … Read more