ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
This year was supposed to be the year of retail. Last week’s sell-off not only took down a broad base of stocks, but also it plunged retail stocks in aggregate into under-performance against the S&P 500 (SPY). Moreover, home builders broke down in a very bearish way and thus put my “buy the dip” strategy … Read more
AT40 = 55.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.6% of stocks are trading above their respective 200DMAs VIX = 14.8 Short-term Trading Call: bullish Commentary Last Friday, the S&P 500 (SPY) rolled over a volatile dollar on its way to another all-time high. The volatility index, the … Read more
AT40 = 67.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.2% of stocks are trading above their respective 200DMAs (a TEN MONTH HIGH) VIX = 11.1 Short-term Trading Call: bullish Commentary Once again the stock market was only able to maintain overbought trading conditions for 1 day. At the … Read more
AT40 = 70.5% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 66.0% of stocks are trading above their respective 200DMAs (a TEN MONTH HIGH) VIX = 11.1 Short-term Trading Call: bullish Commentary The S&P 500 (SPY) made another all-time high as it continued … Read more
KB Home (KBH) reported earnings last week on January 10, 2018. The reaction the next day was outright startling. The stock gapped up and did not stop rallying until it finished with a 12.3% gain and a new 10 1/2 year high. Source: FreeStockCharts.com I was so taken aback that I checked on the historical … Read more