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 = 47.4% of stocks are trading above their respective 200DMAs VIX = 27.7 (range from 21.2 to 31.6) Short-term Trading Call: neutral Commentary Buyers failed their first post-oversold test. The S&P 500 (SPY) rallied just enough to peak over resistance … Read more
AT40 = 23.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 30.0 (19.7% decrease, intraday high of 50.3) Short-term Trading Call: neutral Commentary The first oversold period in about two years ended after just one day. As a reminder, … Read more
“I will be watching for signs of the durability of this latest Bitcoin bottom. If search interest wanes quickly, I will expect the recovery phase to fizzle relatively quickly like last time. If search interest remains robust, I will accordingly expect the recovery period to last longer.” This is what I wrote on January 18, … Read more
AT40 = 19.4% of stocks are trading above their respective 40-day moving averages (DMAs) – first oversold day after 19 percentage point plunge AT200 = 45.8% of stocks are trading above their respective 200DMAs VIX = 37.3 (115.6% increase! The largest since at least 1990) Short-term Trading Call: cautiously bullish – oh so many caveats … Read more
While Bitcoin (BTC) holds its recent low confirmed by a jump in Google search activity, I decided to look to see whether Google Trends correlated with another cryptocurrency. Stellar is a relatively new entrant on the scene. The cryptocurrency made a big splash at the beginning of the year by rocketing into the top 10 … Read more