ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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 (near 3-year high and holding breakout above post financial crisis downtrend) VIX = 23.7 Short-term Trading Call: neutral Stock Market Commentary The stock market … Read more
“One-Twenty Two” is a different narrative for students and fans of financial markets. This blog often examines the investing and trading implications of extremes in financial markets. By definition, an extreme condition marks a top or a bottom in prices and invites contrary thinking. For example, the cyclical concepts of “overbought” and “oversold” measure temporary … Read more
For this update, I have to reach all the way back to the early days of the coronavirus pandemic when the stock market was rebounding from its ultimate March lows. Given the oversold trading conditions, I was in the habit of sifting through the rubble looking for bargain buys. AGNC Investment Corp (AGNC), a company … Read more
Stock Market Statistics AT40 = 74.4% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought, 3 of last 4 days ooverbought) AT200 = 68.1%% of stocks are trading above their respective 200DMAs (near 3-year high and holding breakout above post financial crisis downtrend) VIX = 23.1 Short-term Trading Call: neutral … Read more
Stock Market Statistics AT40 = 71.7% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought) AT200 = 66.9%% of stocks are trading above their respective 200DMAs (near 3-year high and confirmed breakout above post financial crisis downtrend) VIX = 24.8 Short-term Trading Call: neutral Stock Market Commentary The week of … Read more