ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 42.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 46.4% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary A day after the major indices flipped from bullish support to bearish resistance, buyers rallied these indices through resistance. It was a tenuous … Read more
AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.4% of stocks are trading above their respective 200DMAsVIX = 16.4Short-term Trading Call: neutral Stock Market Commentary Over the weekend, I wrote about a “constructive stock market” as a reference to the stock market’s consistently positive responses to U.S. vs … Read more
AT40 = 49.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary The stock market’s coordinated yet precarious dance around 50-day moving averages (DMAs) continued on Friday. The latest round of technical battles played out … Read more
AT40 = 63.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.1% of stocks are trading above their respective 200DMAsVIX = 12.9Short-term Trading Call: neutral Stock Market Commentary The stock market is keeping the faith. The previous week ended with a U.S. GDP report for Q1 2019 that represented well the … Read more
AT40 = 61.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.9% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (change from bearish) Stock Market Commentary The week ended with a U.S. GDP report for Q1 2019 that represents well the state of the stock market: … 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 = 54.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.1Short-term Trading Call: bearish Stock Market Commentary The above tweet begins the dilemmas that lay ahead for short-term trading after I first flipped bearish ahead of Thursday’s selling. First, I … Read more
The Setup Tesla (TSLA) gapped down last Tuesday on the heels of news that the SEC wanted to go after Elon Musk for tweet contempt. Buyers stepped right in, and, with some help from more Musk tweets about imminent news, the stock shot straight up and even broke through converged resistance at 50 and 200-day … Read more
AT40 = 80.0% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd overbought day)AT200 = 45.5% of stocks are trading above their respective 200DMAsVIX = 14.7Short-term Trading Call: neutral Stock Market Commentary And still the waiting game rolls along. News on the US-China trade front generated some excitement to start the week, … Read more
AT40 = 85.0% of stocks are trading above their respective 40-day moving averages (DMAs) (14th overbought day)AT200 = 41.5% of stocks are trading above their respective 200DMAs (4-month high)VIX = 15.7Short-term Trading Call: neutral Commentary {Note some charts were saved right before final price updates. All chart descriptions reflect the actual close} The 200-day moving … Read more