ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
AT40 = 57.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.6% of stocks are trading above their respective 200DMAs VIX = 11.2 (volatility index) Short-term Trading Call: cautiously bullish Commentary The cats were particularly frenetic in the last week of trading for the second quarter of 2017. The major … Read more
AT40 = 47.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary Like two ships passing in the night, the NASDAQ, including the PowerShares QQQ ETF (QQQ), took back its advantage … Read more