ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 42.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.0% of stocks are trading above their respective 200DMAsVIX = 15.3Short-term Trading Call: neutral Stock Market Commentary After two bearish fades to start the week, the stock market dribbled along. Now the market waits for word on news bad … Read more
Two years ago, I wrote about the announcement from the International Cocoa Organization (ICCO) indicating that cocoa-growing countries would coordinate production of cocoa to better support their economies. That news was soon followed by a recommendation from the African Development Bank (AfDB) to cocoa producers to find ways to control the supply of cocoa. At … Read more
AT40 = 39.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 45.4% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral (downgrade from cautiously bullish) Stock Market Commentary The last 5 or 6 trading days have been good for bulls and buyers. It was fun while … Read more
AT40 = 38.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.8% of stocks are trading above their respective 200DMAsVIX = 18.9Short-term Trading Call: cautiously bullish Stock Market Commentary From opening at the edge of oversold trading conditions to closing on near panic buying, last week was a wild week! … Read more
Google Trends continues to serve as a relatively good guide for identifying buy and sell points in Bitcoin (BTC-USD). As the latest example, I used Google Trends to decide to take profits into what looked like over-extended price action on May 13th. The next day, Google search interest peaked. As a reminder, an extreme in … Read more