ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 47.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.1% of stocks are trading above their respective 200DMAs VIX = 14.9 (volatility index) Short-term Trading Call: cautiously bullish) Commentary The S&P 500 (SPY) ended last week on a sour note. The index hit its first 42 trading day … Read more
AT40 = 36.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.8% of stocks are trading above their respective 200DMAs VIX = 13.0 (volatility index) Short-term Trading Call: neutral Commentary Imagine that, the S&P 500 (SPY) found buyers to defend support at its 50-day moving average (DMA). The NASDAQ (QQQ) … Read more
AT40 = 35.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.6% of stocks are trading above their respective 200DMAs VIX = 12.5 (volatility index) Short-term Trading Call: bearish Commentary The S&P 500 (SPY) finally flipped the switch on the bearish threshold I have described since the last bullish breakout … Read more
AT40 = 46.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 61.8% of stocks are trading above their respective 200DMAs VIX = 11.3 (volatility index) Short-term Trading Call: neutral Commentary In my last Above the 40, I pointed out a surprising and mild bullish divergence. Like so much else in … Read more
AT40 = 50.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 11.3 (volatility index) Short-term Trading Call: neutral Commentary After the U.S. Federal Reserve hiked interest rates, the market’s expectations on future rate hikes relaxed a bit. That relaxation … Read more