ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
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