ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 58.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.0% of stocks are trading above their respective 200DMAsVIX = 12.6Short-term Trading Call: neutral Stock Market Commentary The bearish signals are growing, but they are still not impeding this resilient stock market. The ever so shallow selling acts like a … Read more
Meritage Homes (MTH) reported earnings two days before October 25th when iShares US Home Construction (ITB) first challenged its climactic January, 2018 high. At the time, MTH was in the middle of an impressive post-earnings rebound. At its intraday, post-earnings low, MTH perfectly tested support at its 50-day moving average (DMA). However, the moment of truth … Read more
Housing Market Intro/Summary When I wrote the Housing Market Review for November, the stocks of home builders were on the edge of conquering their moment of truth. The iShares US Home Construction (ITB) soon rolled over and confirmed a breakdown below support at its 50-day moving average (DMA). ITB is now in a precarious position where … Read more
AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.8% of stocks are trading above their respective 200DMAs (just under high for 2019 of 60.2%)VIX = 12.5Short-term Trading Call: neutral Stock Market Commentary The bearish divergence finally ended between a range-bound AT40 (T2108) and an S&P 500 (SPY) steadily … Read more
AT40 = 56.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.7% of stocks are trading above their respective 200DMAsVIX = 12.6Short-term Trading Call: neutral Stock Market Commentary It appears China and the U.S. finally agreed on a Partial, Phase One Trade Deal. The bare bones basics on the deal consist … Read more