A Love Note to the Stock Market – Above the 40 (February 14, 2020)

AT40 = 53.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs VIX = 13.7Short-term Trading Call: bearish Stock Market Commentary It just got tougher to stick to my recent bearish short-term trading call on the stock market. On Friday, news went … Read more

How to Pick A Spot to Buy Uber Shares

The IPO for Uber (UBER) has fallen out the bed. The company priced its IPO at $45, opened at $42, and closed at $41.57. UBER’s one-day total loss in value from the IPO price was apparently the largest in history. For a moment, UBER looked like it could stabilize around its poor first day. Unfortunately, … Read more

Above the 40 (April 26, 2019) – Stock Market Highs Continue Cradling Bearish Divergence

AT40 = 61.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.9% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (change from bearish) Stock Market Commentary The week ended with a U.S. GDP report for Q1 2019 that represents well the state of the stock market: … Read more

Above the 40 (April 18, 2019) – Exhausted Buyers and Reluctant Sellers Make A Stock Market Dribble

AT40 = 58.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.5% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: bearish Stock Market Commentary The S&P 500 (SPY) ended the previous week looking ready to lunge for its all-time high. Surprisingly, buyers decided to take a rest, … Read more

Above the 40 (April 12, 2019) – A Stock Market With New Highs In Sight Along the Border of Overbought Conditions

AT40 = 65.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.0% of stocks are trading above their respective 200DMAsVIX = 12.0Short-term Trading Call: bearish (caveats below!) Stock Market Commentary A security guard slipped and clipped the heels of Tiger Woods at the Masters this weekend. The tripping of Woods was … Read more

Above the 40 (March 29, 2019) – No Follow-Through for Stock Sellers Even As Bonds Fly for Safety

AT40 = 52.3% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 42.6% of stocks are trading above their respective 200DMAsVIX = 13.7 Short-term Trading Call: bearish (caveats below!) Stock Market Commentary The previous Friday’s trading action provided delayed confirmation of my short-term bearish trading call. Last week delivered … Read more