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Still No (Trade War) Resolution In the Stock Market – Above the 40 (October...
AT40 = 56.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 14.3Short-term Trading Call: cautiously...
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A Narrowing Rally and A Sentiment Shift Define the Stock Market – Above the...
AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.1% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (see...
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A Growing Bearish Divergence Has Yet to Spoil Rally In Stock Indices – Above...
AT40 = 57.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 54.9% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: neutral...
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Tesla: Favorable Options Pricing for Speculating on January Earnings
Tesla (TSLA) has been on a tear. Analyst Expectations Analysts have stumbled over themselves to hike price targets: Canaccord Genuity from $375 to $515, Piper Sandler from $423 to $553, Oppenheimer...
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Tesla: Rethinking Options Pricing for Speculating on January Earnings
A week ago, I laid out a game plan for playing Tesla (TSLA) earnings on January 29th based on a belief that the market was under-pricing TSLA call options. At the time, TSLA’s stock price sat at...
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A Failed Healing: Stock Market Further Confirms Topping Patterns – Above the...
AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.9% of stocks are trading above their respective 200DMAs VIX = 18.8Short-term Trading Call: cautiously...
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Tesla: A Great Time for A Bollinger Band Squeeze
Technically Speaking “…the most technical trade in almost any instrument has got to be Telsa stock….Investors love the company…there are some long-term and substantial holders…who are not inclined to...
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How to Protect Gains After Surviving A Stock Market Sell-Off
The stock market crash in March was stomach-churning and generated a lot of panic. At its lowest point, the S&P 500 (SPY) was down 33.9% from its all-time high set just the previous month. The...
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Camping World Holdings: Stock Attracts Insider Trades, Options Volume
Insider Trading The stock of Camping World Holdings (CWH) has rallied an astounding 438% off its March all-time low. Despite this 2-month comeback, the stock price still attracted the attention of...
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Why Lennar and Other Home Builder Stocks Failed to Rally On Good News
The Message in Home Builder Sentiment The National Association of Home Builders (NAHB) reported a tremendous surge in the sentiment of home builders. The Housing Market Index (HMI) soared from 37 in...
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Hibbett Sports: Anatomy of A Stock’s Bullish Breakout
On June 25th, call options in sportings goods retailer Hibbett Sports (HIBB) sprang to life. At the time, around 1500 October $22.50 calls traded versus 0 open interest. On June 29th, open interest...
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Nikola: Hitching A Sustainable Trade to Ride Through the Hype
Zero-emissions truck company Nikola (NKLA) has been a short-seller’s dream for almost two months given the pressure from sellers and a rapidly expanding float. As a pre-revenue company with no product...
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Clorox: Stock’s Breakdown Makes Tepid Guidance Even Less Attractive
Clorox (CLX) is a stalwart of the pandemic economy. The company’s line-up of cleaning and disinfectant products are favorites for COVID-19 safety routines. While the company sells products like...
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A Pause in the Frenzy Ends Stock Market Bid for A Parabolic Run-Up – Above...
Stock Market Statistics AT40 = 54.6% of stocks are trading above their respective 40-day moving averages (DMAs) (intraday low of 45.9% which was solid support in second half of July and early...
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Tech Fertilizes the Weeds in the Stock Market – Above the 40 (September 11,...
Stock Market Statistics AT40 = 40.2% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 43.0% of stocks are trading above their respective 200DMAs (2 1/2...
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An Overbought Stock Market Bang and a Whimper – Above the 40 (November 20, 2020)
Stock Market Statistics AT40 = 76.6% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #6 overbought)AT200 = 71.8% of stocks are trading above their respective 200DMAs...
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How to Buy Jumia Technologies with Limited Risk
Jumia Technologies (JMIA), the “Amazon of Africa”, is up 191% since closing with a 19% 1-day, post-earnings loss on November 10th. The stock is at a 19-month high and has once again become a strong...
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An Overbought Stock Market Stretching for a Fresh Rally – Above the 40...
Stock Market Statistics AT40 = 79.6% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #10 overbought)AT200 = 76.0% of stocks are trading above their respective 200DMAs...
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The Apple Trading Model: The Data Behind A Banner Year
I have revised and implemented the Apple Trading Model (ATM) for several years. Last year was a banner year for buying and selling AAPL weekly call options in the ATM. The success makes sense given...
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Overbought Period Demonstrates Freshly Bullish Sentiment for Stocks – Above...
Stock Market Commentary What a week to start the year’s trading. It started with a definitively bearish end to extended overbought conditions. Overbought conditions bullishly resumed in the middle of...
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