ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 48.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.1% of stocks are trading above their respective 200DMAs VIX = 14.9 Short-term Trading Call: cautiously bullish Commentary Almost a month ago, the stock market was in a similar technical position to the one it is in now. At … Read more
Florida Atlantic University and Florida International University co-create a “buy versus rent” scoring system called the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index. Last month, this index crossed a critical threshold for the first time since 2010: U.S. households are once again better off renting than buying. This cross-over provides further confirmation of … Read more
AT40 = 57.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.5% of stocks are trading above their respective 200DMAs VIX = 12.9 Short-term Trading Call: neutral Commentary The momentum for FOMO (fear-of-missing-out) on the major indices effectively fizzled out with the start of post-summer trading. At one point, the … Read more
In recent weeks, I have seen calls for the Reserve Bank of Australia (RBA) to cut interest rates. It's important to remember when the RBA moves to cut interest rates, there will probably be two (or more) 25bp moves. As my mate Saul Eslake once noted, interest rate changes are like cockroaches, when you get … Read more
AT40 = 57.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.5% of stocks are trading above their respective 200DMAs VIX = 12.9 Short-term Trading Call: neutral Commentary In my last Above the 40 post, I discussed the early signs of a potential run-up driven by the “fear of missing … Read more