ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.5% of stocks are trading above their respective 200DMAsVIX = 12.3Short-term Trading Call: neutral (change from bearish) Stock Market Commentary It was one of those amazing endings. First round of the NBA playoffs. The Portland Trailblazers up 3 games to … Read more
(Updated on January 3, 2023 in “How Home Builder Stocks Trade In A Seasonal Pattern“) The Spring selling season is a critical period for the housing market and usually delivers peak activity for the year. This seasonal pattern forms a notable pivot for the stocks of home builders. These stocks typically rally on the wings … Read more
AT40 = 58.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.4% of stocks are trading above their respective 200DMAsVIX = 14.3Short-term Trading Call: bearish Stock Market Commentary Ever since the last overbought period ended, the stock market has experienced just two clear bearish signals. Each time, the bearishness was well-telegraphed … Read more
AT40 = 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 1-day overperiod)AT200 = 24.6% of stocks are trading above their respective 200DMAsVIX = 20.8Short-term Trading Call: neutral Commentary Days like these remind me of the importance of technicals. Just one trading day after surging into overbought trading territory, the stock … Read more
AT40 = 19.7% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day oversold)AT200 = 20.7% of stocks are trading above their respective 200DMAs (34-month low)VIX = 21.6Short-term Trading Call: cautiously bullish CommentaryThe stock market is oversold again as a bearish divergence to start the week came to its “logical conclusion.” AT40 (T2108), … Read more