ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 63.5% of stocks are trading above their respective 40-day moving averages (DMAs) – ended 12 straight days overbought AT200 = 58.8% of stocks are trading above their respective 200DMAs VIX = 11.1 Short-term Trading Call: cautiously bullish (downgrade from bullish) Commentary Just when I thought it was safe to stay bullish, the stock … Read more
AT40 = 69.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended 12 straight days overbought AT200 = 59.7% of stocks are trading above their respective 200DMAs VIX = 9.9 Short-term Trading Call: bullish (see caveats below) Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more
AT40 = 60.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.2% of stocks are trading above their respective 200DMAs VIX = 10.2 Short-term Trading Call: cautiously bullish Commentary North Korea launched another ballistic missile over Japan, this one with enough range to hit Guam. The general market response was … Read more
Getting a second opportunity at a great set-up is rare in the stock market, but U.S. Concrete (USCR) may be offering just such a second chance. On September 3rd, I lamented missing an opportunity to buy USCR when it neatly tested support at the top of its last trading range. The headline reason for the … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.3% of stocks are trading above their respective 200DMAs VIX = 9.9 (volatility index) Short-term Trading Call: neutral Commentary The stock market continued its healing process from its last bout of mild indigestion. Most impressive is the S&P 500 … Read more