ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 11.9% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #12)AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 23.2Short-term Trading Call: bullish (with caveats all over again) Commentary $AUDJPY $AUDUSD $GBPJPY flash crashed. Could this ALL be #forex fallout from $AAPL revenue warning!?! pic.twitter.com/WZS10wj7D9 — … Read more
AT40 = 6.5% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #8)AT200 = 11.0% of stocks are trading above their respective 200DMAsVIX = 30.4 (down 15.7%)Short-term Trading Call: bullish Commentary Pick your favorite catalyst or explanation. I am sure there is good news (or the absence of bad news) out … Read more
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 = 25.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 23.4% of stocks are trading above their respective 200DMAs (just off a 32-month low)VIX = 23.2 (as high as 24.7)Short-term Trading Call: cautiously bullish CommentaryI am surprised the stock market has yet to close in oversold conditions. AT40 (T2108), the … 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 = 29.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.0% of stocks are trading above their respective 200DMAs VIX = 21.3 Short-term Trading Call: neutral Commentary The technical damage in the stock market continues to spread as the countdown to “hedge fund d-day” nears an end. AT40 (T2108), … Read more
AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 31.6% of stocks are trading above their respective 200DMAs VIX = 20.5 Short-term Trading Call: neutral Commentary via GIPHY The bears took back complete control of the market. Friday, they sent up the warning signal with the screeching of … Read more
AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 34.8% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: bullish Commentary Hold up. Pump the brakes. The bounce from oversold conditions just got more difficult as sellers forced buyers to come to a … Read more