ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: cautiously bullish (downgrade from bullish) Commentary Time to downgrade my bullishness to “cautiously bullish.” While the S&P 500 (SPY) made a new … Read more
AT40 = 49.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.2% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary The week started with the volatility index, the VIX, plunging to a 14-year low. I held onto my put options … Read more
A little over six months ago, I made a bearish case for Acacia Communications (ACIA) and Twilio (TWLO) based on the way each company rolled out follow-on stock offerings and the market’s reactions to the selling. Since then, ACIA and TWLO have fully lived up to bearish expectations. ACIA is down 55.1% from its offering … Read more
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.0% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: bullish Commentary The Federal Reserve effectively reaffirmed its commitment to two more rate hikes this year. The S&P 500 (SPY) yawned, but … Read more
AT40 = 58.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.0% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The last week of trading for April transitioned readily from the French Fly that sent financial markets into celebratory dances … Read more