ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
The Stock Performance Roku (ROKU) is up an eye-popping 402% in 2019 year-to-date. ROKU surged off a 13-month low in December, 2018, and the run-up included three straight very positive post-earnings surges. The stock hit its closing all-time high at a stratospheric $169.86 on September 6, 2019. Soon after that milestone, competitive news from Apple … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.9% of stocks are trading above their respective 200DMAsVIX = 13.1Short-term Trading Call: neutral Stock Market Commentary A Sufficient Resolution Seems about right. Just as I switch from a (cautiously) bearish stance to neutral, the stock market throws more definitively … Read more
AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.1% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (see below) Stock Market Commentary A Sufficient Resolution I still harbor lingering skepticism, but the S&P 500’s recovery from the last hiccup and its subsequent slow … Read more
AT40 = 56.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 14.3Short-term Trading Call: cautiously bearish Stock Market Commentary No Resolution The stock market did little to resolve my lingering skepticism over the meaningfulness of the “Phase One” or partial Trade … Read more
“So I think, in hindsight, even though we’re getting all these encouraging signs, just dealing with the complexity of various kinds of national governments, their processes are more, I would say, kind of persnickety, time wise, and from a procurement point of view. So it’s just frankly, just taken longer than we anticipated. But the … Read more
AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.5% of stocks are trading above their respective 200DMAsVIX = 17.0Short-term Trading Call: cautiously bearish Stock Market Commentary A Broad-Based Re-Entry The bull market remains very much alive. When AT40 (T2108), the percentage of stocks trading above their respective 40-day … Read more
AT40 = 61.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.8% of stocks are trading above their respective 200DMAsVIX = 17.2Short-term Trading Call: cautiously bearish (caveats below) Stock Market Commentary A Conditionally Bearish Breakdown Friday’s trading action triggered my prime condition for flipping bearish. AT40 (T2108), the percentage of stocks … Read more
AT40 = 68.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary One More Risk to Ignore An impeachment inquiry, an “admission”, and fresh promises from President Trump about getting a trade deal done with … Read more
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more
AT40 = 70.3% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought)AT200 = 59.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 14.7Short-term Trading Call: neutral Stock Market Commentary Oil Soars When I wrote my last Above the 40 post, I knew about the drone strike on … Read more