ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The economic data continue to worsen in Europe. While it is difficult to find signs of concern in U.S. markets, wariness is etched in a few key corners of financial markets. Precious Signals Notably, the precious metals gold and silver look ready for a fresh upward push. Gold and silver can perform well in times … Read more
AT40 = 67.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 13.7Short-term Trading Call: neutral Stock Market Commentary Overbought Overrules Times like these remind me of the significance of the overbought line. AT40 (T2108), the percentage of stocks … Read more
While the month of August was full of sharp trading action which left the S&P 500 (SPY) trapped in a trading range, home builders emerged stronger. The 4.8% August gain for iShares Dow Jones Home Construction ETF (ITB) far out-performed the S&P 500 (SPY) which languished with a 1.8% loss. Ironically, the stock market’s small … Read more
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.0Short-term Trading Call: neutral Stock Market Commentary The Trigger Finger On Tuesday (August 27), I saw enough hints of a flip from a bullish to bearish divergence … Read more
AT40 = 26.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 40.3% of stocks are trading above their respective 200DMAs (2-month low)VIX = 22.1Short-term Trading Call: neutral (caveats below!) Stock Market Commentary When the S&P 500 (SPY) bounced away from the oversold threshold last week, it left behind an extreme … Read more