ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
AT40 = 49.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.7% of stocks are trading above their respective 200DMAs VIX = 13.0 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) managed to gain on the week, but it was not easy. Each day of the week delivered new … Read more
AT40 = 57.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.5% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary In my last Above the 40 post, I expressed my lingering suspicion of the market’s rally and drive right past a bearish … Read more
When Lennar (LEN) reported earnings on April 4th the market’s reaction looked just like the refresher the market needed to get housing stocks going again. LEN soared 10.0% on the day. The deal looked sealed when LEN appeared to confirm the surge with another up day. LEN has suffered severe selling pressure ever since. Source: … Read more
The last Housing Market Review covered data reported in February, 2018 for January, 2018. At the time, I connected the dots on the bearish implications of converging technicals and fundamentals. The iShares U.S. Home Construction ETF (ITB) broke down below its 200-day moving average (DMA) in a very bearish move. Yet, the very next day, … Read more