ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 45.4% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.5 (20.9% gain)Short-term Trading Call: bearish Stock Market Commentary Friday’s trading action provided delayed confirmation of my short-term bearish trading call. The week previous to the last, … Read more
AT40 = 61.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.0% of stocks are trading above their respective 200DMAsVIX = 12.9 (5-month low)Short-term Trading Call: bearish Stock Market Commentary The stock market’s scramble for support worked last week as buyers and bulls put the bears on notice. However, the rally … Read more
AT40 = 54.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.1Short-term Trading Call: bearish Stock Market Commentary The above tweet begins the dilemmas that lay ahead for short-term trading after I first flipped bearish ahead of Thursday’s selling. First, I … Read more
AT40 = 76.8% of stocks are trading above their respective 40-day moving averages (DMAs) (25th overbought day)AT200 = 45.8% of stocks are trading above their respective 200DMAsVIX = 13.6Short-term Trading Call: neutral Stock Market Commentary The trading action on the major indices is practically a broken record. An extended overbought rally just grows older and … Read more
AT40 = 85.7% of stocks are trading above their respective 40-day moving averages (DMAs) (20th overbought day)AT200 = 47.3% of stocks are trading above their respective 200DMAs (4-month high which reverses the October, 2018 breakdown)VIX = 13.5Short-term Trading Call: neutral Stock Market Commentary The waiting game continues within a bullish cloak. An extended overbought rally … Read more