ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I heard commentary after the Fed’s proclamation on monetary policy on March 21st that the Fed is “one vote away” from 4 rate hikes this year. Yet, something strange happened along the way to over-speculation on the number of rate hikes in 2018: the traders putting their money on the line on the 30-Day Fed … Read more
AT40 = 49.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.1% of stocks are trading above their respective 200DMAs VIX = 15.8 Short-term Trading Call: bullish Commentary Another proclamation on monetary policy from the Federal Reserve is just 3 trading days away. Hanging in the balance is the S&P … Read more
In my last post on Bitcoin (BTC-USD), I worried about the sustainability of the $6000 bottom. I am now even more worried. Google Search interest continues to wane on Bitcoin. Ever since December and the major top under $20,000, search interest in “Bitcoin” has trended downward with spikes in search activity also trending lower. Source: … Read more
AT40 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.9% of stocks are trading above their respective 200DMAs VIX = 14.6 (11.5% drop) Short-term Trading Call: bullish Commentary The (expected) plunge in the volatility index, the VIX, says it all…the stock market is ready to return to its … Read more
AT40 = 27.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.4% of stocks are trading above their respective 200DMAs VIX = 19.6 Short-term Trading Call: neutral (caveats below!) Commentary President Trump has been talking about taking unilateral trade actions since he was campaigning in 2016. The rhetoric heated up … Read more