ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Nothing like a good sell-off to kindle interest. Until November 14th, Bitcoin (BTC-USD) held a floor between 5750 and 6000 for the entire year, whether on an intraday or “closing” basis. After that threshold broke down, sellers overwhelmed buyers to the tune of new 52-week lows. The cryptocurrency now sits at a 13+ month low, … Read more
AT40 = 23.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 24.7% of stocks are trading above their respective 200DMAs (new 32-month low) VIX = 22.5 Short-term Trading Call: neutral Commentary The technical damage continues in the stock market. Amid all the carnage and massive gap downs, I am surprised … Read more
AT40 = 29.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.0% of stocks are trading above their respective 200DMAs VIX = 21.3 Short-term Trading Call: neutral Commentary The technical damage in the stock market continues to spread as the countdown to “hedge fund d-day” nears an end. AT40 (T2108), … Read more
It has been a while since I took note of the impact of economic numbers on the Australian dollar (FXA). For most of this year, I have instead been a lot more focused on what the Australian dollar, combined with the Japanese yen (FXY), might be saying about risk attitudes in financial markets. Today, I … Read more
AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 31.6% of stocks are trading above their respective 200DMAs VIX = 20.5 Short-term Trading Call: neutral Commentary via GIPHY The bears took back complete control of the market. Friday, they sent up the warning signal with the screeching of … Read more