ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 48.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.4% of stocks are trading above their respective 200DMAs VIX = 17.9 Short-term Trading Call: bearish Commentary The trading action this week confirmed the bearish change in trading that occurred when AT40 (T2108), the percentage of stocks trading above … Read more
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
The big index news of last week was General Electric (GE) getting dumped by the Dow Jones Industrial Average (DJIA) index. The index managers at the Dow picked Walgreens Boots Alliance (WBA) to replace GE. Source: FreeStockCharts.com I wish the entire Dow index could follow after GE. Traders do not use the Dow for anything … 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 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.8% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.0 Short-term Trading Call: bearish Commentary Once again, a tried and true bearish signal delivered. However this success came with a tremendous caveat: a simultaneously … Read more