ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 1.7% of stocks are trading above their respective 40-day moving averages (DMAs) (12th oversold day)AT200 = 4.1% of stocks are trading above their respective 200DMAsVIX = 75.5 (just short of financial crisis all-time high of 90)Short-term Trading Call: bullish Stock Market Commentary When I said a persistently elevated volatility index (VIX) warned us … Read more
AT40 = 56.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 14.3Short-term Trading Call: cautiously bearish Stock Market Commentary No Resolution The stock market did little to resolve my lingering skepticism over the meaningfulness of the “Phase One” or partial Trade … Read more
AT40 = 23.8% of stocks are trading above their respective 40-day moving averages (DMAs) (hit a low of 20.7%)AT200 = 36.9% of stocks are trading above their respective 200DMAs (2 1/2 month low)VIX = 18.7Short-term Trading Call: neutral Stock Market Commentary So much for the potential for follow-through on bullish divergence! Perhaps the failure is … Read more
AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 31.9%) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary The S&P 500 is only 1.0% off its all-time high, yet extremes and … Read more
AT40 = 51.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 13.2 Short-term Trading Call: neutral Commentary The indicators barely changed from the last Above the 40 post, but the technical winds are likely changing yet again. A little … Read more