ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 52.3% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 42.6% of stocks are trading above their respective 200DMAsVIX = 13.7 Short-term Trading Call: bearish (caveats below!) Stock Market Commentary The previous Friday’s trading action provided delayed confirmation of my short-term bearish trading call. Last week delivered … Read more
On March 25th, CNBC’s Fast Money discussed very active options trading in the iShares Dow Jones US Home Construction Index (ITB). Call option volume was triple put option volume. Of note, some trader purchased 5000 April 12 $35 weekly calls with ITB trading at $34.60 and just under its 200-day moving average (DMA). That trader … Read more
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
Housing Market Intro/Summary {This post marks the last one impacted by the previous U.S. government shutdown. I delayed publishing until I gathered a complete set of January’s housing market data. At the time of writing February’s data are rolling in}. In the January Housing Market Review, I described a pause in the bad housing data … 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