ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 48.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.7% of stocks are trading above their respective 200DMAs VIX = 16.1 Short-term Trading Call: bearish Commentary The market’s gains the last two days validated my expectation for a relief bounce. I used this bounce to make more bearish … Read more
Another Amazon Panic broke out last week. Amazon.com (AMZN) announced its purchase of PillPack as part of its entry into the lucrative business of selling drugs. The news immediately took down pill pushers like Walgreens Boot Alliance (WBA) and CVS Health Corporation (CVS). While WBA looks like it is already bottoming, sellers followed through with … Read more
AT40 = 48.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.4% of stocks are trading above their respective 200DMAs VIX = 17.9 Short-term Trading Call: bearish Commentary The trading action this week confirmed the bearish change in trading that occurred when AT40 (T2108), the percentage of stocks trading above … Read more
AT40 = 63.1% ƒof stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 13.8 Short-term Trading Call: bearish Commentary In my last Above the 40 post, I described how growing global trade wars are creating widening divergences in … Read more
The big index news of last week was General Electric (GE) getting dumped by the Dow Jones Industrial Average (DJIA) index. The index managers at the Dow picked Walgreens Boots Alliance (WBA) to replace GE. Source: FreeStockCharts.com I wish the entire Dow index could follow after GE. Traders do not use the Dow for anything … Read more