Above the 40 (March 1, 2017) – The S&P 500 Coil Springs Into March Rate Hike Expectations

AT40 Status: 64.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.1% of stocks are trading above their respective 200DMAs VIX Status: 12.5 (volatility index) Short-term Trading Call: neutral Commentary Two days ago, I titled my Above the 40 update “The S&P 500 Coiled In Anticipation.” I described the building … Read more

T2108 Update (September 2, 2016) – Still Waiting for Volatility’s Moment

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (May 10, 2016) – Buyers Move to Reclaim the Stock Market

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

Portfolio Manager Stays Firmly Bullish On Memorial Production Partners

Source: Nightly Business Report Portfolio manager Gregg Abella of Investment Partners Asset Management was placed in the uncomfortable position of having to explain these picks he recommended almost nine months ago. His over-weighting in oil really hurt. Abella is also the analyst who brought Memorial Production Partners (MEMP) to my attention. It was a pick … Read more

Homebuilder 2013 Pricing Outlook Remains Murky Even As The “McMansion” Lives On

(This is an excerpt from an article I originally published on Seeking Alpha on December 31, 2013. Click here to read the entire piece.) On Friday, December 28, 2012, Nightly Business Report interviewed Martin Connor, the CFO of luxury homebuilder Toll Brothers (TOL). I am on the lookout for 2013 guidance from homebuilders, so this … Read more

The Positive Trade When Incumbent Presidents Run For Re-Election

(This is an excerpt from an article I originally published on Seeking Alpha on July 2, 2012. Click here to read the entire piece.) S&P Capital IQ’s Sam Stovall appeared on Nightly Business Report on Friday, June 29, 2012 to provide some statistics on how the stock market tends to perform in the second half … Read more