ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 24.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.9% of stocks are trading above their respective 200DMAsVIX = 18.9Short-term Trading Call: neutral Stock Market Commentary “The stock market might turn at lower levels.” Jim Cramer, CNBC’s Mad Money, June 3, 2019 This truism is a bit silly, … Read more
When I used Google search trends to confirm a buyable breakout and sustainable bottom in Bitcoin (BTC/USD), I created the following hypothesis: “a spike in search interest confirms a strong change in price behavior.” With Bitcoin breaking out again, the hypothesis now looks solid. The chart below shows Bitcoin jumping to a 5-month high that … Read more
AT40 = 58.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.5% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: bearish Stock Market Commentary The S&P 500 (SPY) ended the previous week looking ready to lunge for its all-time high. Surprisingly, buyers decided to take a rest, … Read more
AT40 = 65.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.0% of stocks are trading above their respective 200DMAsVIX = 12.0Short-term Trading Call: bearish (caveats below!) Stock Market Commentary A security guard slipped and clipped the heels of Tiger Woods at the Masters this weekend. The tripping of Woods was … Read more
AT40 = 52.3% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 42.6% of stocks are trading above their respective 200DMAsVIX = 13.7 Short-term Trading Call: bearish (caveats below!) Stock Market Commentary The previous Friday’s trading action provided delayed confirmation of my short-term bearish trading call. Last week delivered … Read more