ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.1% of stocks are trading above their respective 200DMAs VIX = 10.7 (down 11.5%) Short-term Trading Call: neutral (see below for caveats) Commentary I had no idea that the previous tensions in the stock market fully priced in the … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 11.1 (flat) (volatility index) Short-term Trading Call: neutral Commentary Tech was back today sucking energy out of other parts of the stock market. The NASDAQ increased 0.4%, and … Read more
Sometimes an uptrend tells traders everything they need to know. On May 22, 2017, I reviewed the results from my scan for stocks with relative strength during times of weakness in the S&P 500 (SPY). I lamented how last week’s flash of selling did not provide any good buying opportunities. So I indicated my plan … Read more
Before the sell-off from Trump Turmoil, there was the sell-off ahead of the Easter weekend that looked weighty enough to deliver an extended breakdown below the 50-day moving average (DMA) for the S&P 500 (SPY). Buyers came storming back after that weekend. Out of curiosity, I used SwingTradeBot.com to identify the strongest stocks of the … Read more