ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
General Motors (GM) and Amazon.com (AMZN), fascinating partners in anything, are reportedly going to co-invest in electric pickup truck company Rivian. The company has toiled away since its founding 2009. This rumor/news comes on the heels of Rivian’s big reveal late last year and likely confirms that the company is close to getting product into … Read more
AT40 = 78.7% of stocks are trading above their respective 40-day moving averages (DMAs) (11th overbought day)AT200 = 35.3% of stocks are trading above their respective 200DMAsVIX = 15.7Short-term Trading Call: neutral Commentary In my last Above the 40 post, I noted the “convenience” test of 200DMA resistance for major indices. The S&P 500 and … Read more
AT40 = 83.8% of stocks are trading above their respective 40-day moving averages (DMAs) (6th overbought day)AT200 = 34.4% of stocks are trading above their respective 200DMAs (near 2-month high)VIX = 16.1Short-term Trading Call: neutral Commentary Starting in November or so, I developed an expectation for a January sell-off based in anticipation of earnings warnings … 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 = 76.3% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 27.4% of stocks are trading above their respective 200DMAs (6-week high)VIX = 17.8Short-term Trading Call: cautiously bullish Commentary I noted in my last post that the signs of exhaustion in the major indices gave way to more … Read more
AT40 = 52.9% of stocks are trading above their respective 40-day moving averages (DMAs) (4-month high)AT200 = 22.4% of stocks are trading above their respective 200DMAs (4-week high)VIX = 18.2 (5-week low)Short-term Trading Call: cautiously bullish Commentary The major indices are still showing signs of exhaustion, but the sellers have yet to wrest back control … Read more
AT40 = 11.9% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #12)AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 23.2Short-term Trading Call: bullish (with caveats all over again) Commentary $AUDJPY $AUDUSD $GBPJPY flash crashed. Could this ALL be #forex fallout from $AAPL revenue warning!?! pic.twitter.com/WZS10wj7D9 — … Read more
AT40 = 3.6% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #7, 10-year low!)AT200 = 8.0% of stocks are trading above their respective 200DMAs (9 1/2- year low!)VIX = 36.1 (1-day gain of 20.0%, 10 1/2- month high)Short-term Trading Call: bullish (oh so many caveats below!) Commentary Although it’s been … 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
AT40 = 25.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 23.4% of stocks are trading above their respective 200DMAs (just off a 32-month low)VIX = 23.2 (as high as 24.7)Short-term Trading Call: cautiously bullish CommentaryI am surprised the stock market has yet to close in oversold conditions. AT40 (T2108), the … Read more