ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 3.0% of stocks are trading above their respective 40-day moving averages (DMAs) (13th oversold day)AT200 = 6.5% of stocks are trading above their respective 200DMAsVIX = 57.8 (down 23.4%)Short-term Trading Call: bullish Stock Market Commentary The stock market experienced another historic day as the bear market takes on more twists and turns. The … Read more
AT40 = 53.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs VIX = 13.7Short-term Trading Call: bearish Stock Market Commentary It just got tougher to stick to my recent bearish short-term trading call on the stock market. On Friday, news went … Read more
AT40 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 50.2% of stocks are trading above their respective 200DMAsVIX = 16.0 (up 7.0% and went as high as 18.0)Short-term Trading Call: neutral Stock Market Commentary It was fun for the short time it lasted. The speculative turn in the stock … Read more
AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.1% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (see below) Stock Market Commentary A Sufficient Resolution I still harbor lingering skepticism, but the S&P 500’s recovery from the last hiccup and its subsequent slow … Read more
AT40 = 52.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.6Short-term Trading Call: cautiously bearish Stock Market Commentary A Broad-Based Re-Entry Two Fridays ago, buyers took the S&P 500 (SPY) back above its 50-day moving average (DMA). It was yet … Read more