Stocks Wind Back Up – Above the 40 (July 31, 2020)

Stock Market Statistics AT40 = 51.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 35.6% of stocks are trading above their respective 200DMAs VIX = 24.5Short-term Trading Call: neutral Stock Market Commentary Major League Baseball (MLB) may be forced to wind back down, but stocks look like they are winding … Read more

Global X Nigeria Index ETF: Bargain Shoppers Pay A Visit

I have been waiting since September, 2018 for the next opportunity to buy back into Nigeria through the Global X Nigeria Index ETF (NGE). The moment for me to buy is finally here. NGE has printed all the encouraging signs of a tradeable bottom: A double bottom: August to October, 2019 at the all-time lows. … Read more

Jumia Technologies: January Effect or Sustainable Bottom?

A turn-around in a beaten down stock needs to start somewhere. In mid-September, I painfully put Jumia (JMIA) in the bearish column. The stock lost another 52% in just two months before finally bottoming. JMIA ended 2019 with a higher low and a higher high as part of a confirmed breakout above resistance at its … Read more