A Stock Market On Edge – Above the 40 (June 26, 2020)

Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more

Soliton: How to Trade A Secondary Stock Offering

Last week, I anticipated that Soliton would announce a secondary offering of stock following the release of a successful trial of its cellulite treatment. Soliton (SOLY) delivered with after hours news of a secondary stock offering in the form of an SEC filing. So now what? At the time of writing, traders responded to the … Read more

Soliton: What Awaits the Stock After News on Cellulite Trial

“The Company’s cash, cash equivalents and restricted cash on hand is sufficient to fund the Company’s operations into December 2020 but not beyond.” This quote from the May 14 earnings report from Soliton (SOLY) is tattooed in my mind as I consider the implications of the company’s recent good news on cellulite treatment. On June … Read more

Green Shoots for A Grinding and Historic Oversold Period – Above the 40 (March 20, 2020)

AT40 = 2.0% of stocks are trading above their respective 40-day moving averages (DMAs) (18th oversold day)AT200 = 2.6% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 66.0Short-term Trading Call: bullish Stock Market Commentary The bear market grinds on. At the time of writing, U.S. stock market futures … Read more

The Wait Continues for Soliton Tattoo Removal

The wait continues for Soliton (SOLY) to turn promise into profits through the science and business of tattoo removal. Shareholder Letter Soliton recently released its first shareholder letter as a publicly traded company. The report discussed a lot of exciting progress on core technologies and product development, but the letter left shareholders little closer to … Read more

Fed Waffling and Trade War Expansion Reject Market from Overbought – Above the 40 (August 1, 2019)

The S&P 500 (SPY) lost 3.1% for the week. Buyers just barely pushed the index off its intraday low to on Friday to close above 50DMA support.

AT40 = 41.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.8% of stocks are trading above their respective 200DMAs VIX = 17.6 (high of 20.1)Short-term Trading Call: neutral Stock Market Commentary A Pause of Recognition I am writing about financial markets at a time when there is renewed pain … Read more

Oversold Conditions Loom As Indices Conveniently Test 200DMA Supports – Above the 40 (May 29, 2019)

AT40 = 25.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 39.3% of stocks are trading above their respective 200DMAsVIX = 17.9Short-term Trading Call: neutral Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40DMAs, broke through 30% and closed at 25.2%. My favorite technical indicator is … Read more

How to Invest In Tattoo Removal: Soliton

Soliton (SOLY) is a research and development (R&D) company, also known as a “pre-revenue stage company”, specializing in a medical device using Rapid Acoustic Pulse (RAP) technology. The company licensed the technology from MD Anderson as a method for removing tattoos. Apparently the company also fortuitously discovered the potential for using its RAP device for fat … Read more