ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 63.1% ƒof stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 13.8 Short-term Trading Call: bearish Commentary In my last Above the 40 post, I described how growing global trade wars are creating widening divergences in … Read more
AT40 = 65.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.5% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.8 Short-term Trading Call: bearish Commentary The stock market is oozing with divergences as a result of global trade wars, especially the escalating spat between … Read more
AT40 = 53.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 45.9% of stocks are trading above their respective 200DMAs VIX = 14.8 Short-term Trading Call: cautiously bearish Commentary I was right to be bearish last week…until the very last day when all at once the market reversed almost all … Read more
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