ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 3.6% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #7, 10-year low!)AT200 = 8.0% of stocks are trading above their respective 200DMAs (9 1/2- year low!)VIX = 36.1 (1-day gain of 20.0%, 10 1/2- month high)Short-term Trading Call: bullish (oh so many caveats below!) Commentary Although it’s been … Read more
AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #4)AT200 = 14.7% of stocks are trading above their respective 200DMAs (new 34-month low)VIX = 25.6 (no change!)Short-term Trading Call: bullish (caveats below!) Commentary On Tuesday night, basketball great LeBron James, now of the Los Angeles Lakers, experienced an … Read more
AT40 = 19.7% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day oversold)AT200 = 20.7% of stocks are trading above their respective 200DMAs (34-month low)VIX = 21.6Short-term Trading Call: cautiously bullish CommentaryThe stock market is oversold again as a bearish divergence to start the week came to its “logical conclusion.” AT40 (T2108), … Read more
AT40 = 44.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.3% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 18.1 Short-term Trading Call: neutral Commentary Last week was a week where the stock market seemed to force its way into the endzone … Read more
AT40 = 27.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 25.6% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 21.5 Short-term Trading Call: neutral Commentary Last week on November 20th, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving … Read more
AT40 = 23.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 24.7% of stocks are trading above their respective 200DMAs (new 32-month low) VIX = 22.5 Short-term Trading Call: neutral Commentary The technical damage continues in the stock market. Amid all the carnage and massive gap downs, I am surprised … Read more
AT40 = 40.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.4% of stocks are trading above their respective 200DMAs VIX = 16.4 Short-term Trading Call: bullish Commentary Financial markets made their votes very clear after the U.S. 2018 midterm election. via GIPHY Apparently, today’s rally in the S&P 500 … Read more
AT40 = 17.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 10th day of oversold period following 4-day oversold period AT200 = 29.5% of stocks are trading above their respective 200DMAs VIX = 23.4 Short-term Trading Call: bullish Commentary The small bullish divergence to start the week received follow-through in the … Read more
AT40 = 9.7% of stocks are trading above their respective 40-day moving averages (DMAs) – (as low as 7.6%) 8th day of oversold period following 4-day oversold period AT200 = 25.2% of stocks are trading above their respective 200DMAs (as low as 22.5%) VIX = 24.2 (as high as 27.5) Short-term Trading Call: bullish Commentary … Read more
AT40 = 13.7% of stocks are trading above their respective 40-day moving averages (DMAs) – 5th day of oversold period following 4-day oversold period (as low as 10.6%) AT200 = 30.0% of stocks are trading above their respective 200DMAs (as low as 26.7%) VIX = 20.7 (as high as 24.7) Short-term Trading Call: bullish Commentary … Read more