ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 73.1% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 4 of last 5 trading days)AT200 = 20.0% of stocks are trading above their respective 200DMAsVIX = 28.2Short-term Trading Call: neutral Stock Market Commentary The stock market had a promising start with a large gap up to … Read more
Stock Market Statistics AT40 = 45.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 35.9Short-term Trading Call: cautiously bullish Stock Market Commentary Last week started on an ominous note with more historic plunges in oil prices. The stock market managed … Read more
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