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 = 4.2% of stocks are trading above their respective 40-day moving averages (DMAs) (9th oversold day)AT200 = 11.4% of stocks are trading above their respective 200DMAsVIX = 54.5Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom completely collapsed on Monday in the face of massive second derivative selling. The stock market … Read more
AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (8th oversold day)AT200 = 23.2% of stocks are trading above their respective 200DMAsVIX = 41.9Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom barely held as support last week. It was a week of dramatic ups and downs … Read more
Fed to the Rescue If you are sitting at home wringing your hands about catching a virus from the outside world, I am guessing you are not exactly relieved to hear that the U.S. Federal Reserve may try to come to your rescue with more rate cuts. Yet, easy money is what central banks know … Read more
AT40 = 18.5% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #1)AT200 = 36.6% of stocks are trading above their respective 200DMAs (near 13-month low)VIX = 27.6Short-term Trading Call: cautiously bullish Stock Market Commentary Oversold The action in the stock market continues to move fast. On Tuesday, I declared the … Read more