ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The iShares Silver Trust (SLV) made a major peak last summer when it hit a 2-year high. The rally year-to-date seemed to come to an abrupt end when SLV plunged through support at its 200-day moving average (DMA) and its 20DMA uptrend. Source: FreeStockCharts.com However, don’t tell speculators any sad tales about silver. Speculators increased … Read more
AT40 = 57.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 67.0% of stocks are trading above their respective 200DMAs VIX = 11.0 (volatility index) Short-term Trading Call: neutral Commentary So March it is then! In reaction to U.S. Federal Reserve Chair Janet Yellen’s speech at The Executives’ Club of … Read more
AT40 Status: 64.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.1% of stocks are trading above their respective 200DMAs VIX Status: 12.5 (volatility index) Short-term Trading Call: neutral Commentary Two days ago, I titled my Above the 40 update “The S&P 500 Coiled In Anticipation.” I described the building … Read more
It is hard to believe that just six weeks ago I proposed a pairs trade of gold versus bonds with the SPDR Gold Shares (GLD) toying with resistance at its 50-day moving average (DMA) and the iShares 20+ Year Treasury Bond (TLT) doing the same. Now, GLD has already hit the next line of resistance … Read more
AT40 Status: 65.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.2% of stocks are trading above their respective 200DMAs VIX Status: 11.7 (volatility index) Short-term Trading Call: neutral Commentary The struggle for the overbought threshold continues. AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more
AT40 Status: 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 69.9% of stocks are trading above their respective 200DMAs VIX Status: 11.1 (volatility index) Short-term Trading Call: neutral Commentary For the first time since December, the S&P 500 (SPY) has displayed strong follow-through to a break out to fresh … Read more
AT40 Status: 58.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 68.5% of stocks are trading above their respective 200DMAs VIX Status: 10.9 (volatility index) Short-term Trading Call: neutral Commentary “We’re way ahead of schedule, I believe. And we’ll be announcing something, I believe, in the next two or three … Read more
AT40 Status: 53.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 66.8% of stocks are trading above their respective 200DMAs VIX Status: 11.5 (volatility index) Short-term Trading Call: neutral Commentary As is so typical of this go-stop-stop stock market, this week started without immediate follow-through to a fresh all-time high … Read more
AT40 Status: 60.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 68.4% of stocks are trading above their respective 200DMAs VIX Status: 11.0 (volatility index) Short-term Trading Call: neutral Commentary Nothing says “strong sentiment” like a stock market that actually rallies on a strong U.S. jobs report: the fear of … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about T2108, see my T2108 Resource Page. T2107 measures the percentage of stocks trading above their respective 200DMAs.) T2108 Status: 53.9% T2107 Status: 65.4% VIX … Read more