ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary The Stock Market Summary I focused on two major developments during the past week of trading: the reemergence of oil and the skittishness of the AI trade. The resumption of the war against Iran nudged oil higher after multiple attacks against oil tankers had already brought an end to oil’s weeks-long … Read more
Stock Market Commentary After a month of churning, market breadth is wavering again. This slip is just about the only sign that the market cares at all about looming risks from a potential government shutdown. Even the volatility index (VIX) dropped 8.6% on Friday and remains just below where it closed right before the tariff … Read more
Stock Market Statistics AT40 = 76.1% of stocks are trading above their respective 40-day moving averages (DMAs) (6th day overbought)AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 22.1Short-term Trading Call: cautiously bullish Stock Market Commentary While the politicians in Washington D.C. play a game of chicken with the economy, the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 7, 2013. Click here to read the entire piece.) Marvell Technology (MRVL) has enjoyed a tremendous run since hurtling downward after a legal setback in its patent dispute with Carnegie Mellon back in December. At the time, I thought it … Read more
I have made two cases for sticking with Marvell Technology (MRVL). On December 19, 2012, I wrote “Marvell Technology Continues Fighting Its Downtrend By Increasing Stock Repurchases” suggesting that the time was drawing near for a payoff on all the billions MRVL has spent buying back its shares. I liked the buybacks combined with a … Read more