ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 38.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 42.4% of stocks are trading above their respective 200DMAs VIX = 20.0 Short-term Trading Call: neutral Commentary The bears did their best to spook the market, but they failed to break it down. The foundations felt wobbly for most … Read more
AT40 = 31.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.4% of stocks are trading above their respective 200DMAs VIX = 22.5 Short-term Trading Call: neutral Commentary The market from another planet continues to wobble wildly on its axis. Today was the day for investors to make more withdrawals … Read more
AT40 = 35.9% of stocks are trading above their respective 40-day moving averages (DMAs) (jumped from 25.6%) AT200 = 43.0% of stocks are trading above their respective 200DMAs (up from 2-year closing low at 37.5%) VIX = 21.0 Short-term Trading Call: neutral Commentary This is truly a market that is from another planet. In my … Read more
AT40 = 48.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.9% of stocks are trading above their respective 200DMAs VIX = 16.4 Short-term Trading Call: bullish Commentary It’s like deja vu again. The smoke just barely cleared from defusing Trump’s tripwire over trade wars, and now the market is … Read more
AT40 = 70.01% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 63.8% of stocks are trading above their respective 200DMAs VIX = 10.2 Short-term Trading Call: bullish (upgraded from cautiously bullish) Commentary The stock market was last overbought three months ago. At the … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.8% of stocks are trading above their respective 200DMAs VIX = 9.8 (a 13.3% drop) Short-term Trading Call: cautiously bullish Commentary Buyers ended last week on a strong note with the S&P 500 (SPY) surging to yet another all-time … Read more
AT40 = 44.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.9% of stocks are trading above their respective 200DMAs VIX = 12.1 (up 4.9%) Short-term Trading Call: neutral Commentary The market has made no progress since my last Above the 40 post which covered the volatility and fizzle from … Read more
AT40 = 42.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.5% of stocks are trading above their respective 200DMAs VIX = 12.3 (volatility index fell 20.5%) Short-term Trading Call: bullish Commentary As has been the pattern for quite some time now, the latest phase of fear fizzled out fast. … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 11.1 (flat) (volatility index) Short-term Trading Call: neutral Commentary Tech was back today sucking energy out of other parts of the stock market. The NASDAQ increased 0.4%, and … Read more
AT40 = 54.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.5% of stocks are trading above their respective 200DMAs VIX = 11.2 (10.8% drop) (volatility index) Short-term Trading Call: neutral Commentary Source: Giphy There are all sorts of nicknames possible for a churning market. In this edition of “Above … Read more