ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 45.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 18.2Short-term Trading Call: cautiously bearish Stock Market Commentary I am so accustomed to the stock market’s resilience that I am already looking ahead to the rebound scenarios from … Read more
AT40 = 52.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 58.2% of stocks are trading above their respective 200DMAs VIX = 14.6Short-term Trading Call: neutral Stock Market Commentary The stock market finally pushed into overbought territory on Thursday, January 16th. The breakout quickly turned into a bust with AT40 (T2108), … Read more
The U.S. Senate approved the U.S.-Mexico-Canada Agreement (USMCA) trade agreement on Thursday, January 16th. That timing may mark a major milestone and turning point for the Mexican peso against the U.S. dollar (USD/MXN). The following day, USD/MXN sliced through the low of 2019 and hit a 17-month low. I have been bullish on the Mexican … Read more
Last week’s geo-political drama had all the makings of an escalation to all-out war. A country incensed about the assassination of its top general lobbed missiles at airbases its enemy occupies in a neighboring country. Everyone braced for the typical response of attacking the sites that lobbed the missiles. With its borders breached by the … Read more
It was just two weeks ago when I pointed out an important technical change in the U.S. dollar against the South African rand (USD/ZAR). The USD/ZAR currency pair proceeded to decline nearly straight down until it reached toward the July lows. Based on the strong rebound underway, I am assuming the rally in the rand … Read more