ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 54.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.1Short-term Trading Call: bearish Stock Market Commentary The above tweet begins the dilemmas that lay ahead for short-term trading after I first flipped bearish ahead of Thursday’s selling. First, I … Read more
AT40 = 80.0% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd overbought day)AT200 = 45.5% of stocks are trading above their respective 200DMAsVIX = 14.7Short-term Trading Call: neutral Stock Market Commentary And still the waiting game rolls along. News on the US-China trade front generated some excitement to start the week, … Read more
AT40 = 85.7% of stocks are trading above their respective 40-day moving averages (DMAs) (20th overbought day)AT200 = 47.3% of stocks are trading above their respective 200DMAs (4-month high which reverses the October, 2018 breakdown)VIX = 13.5Short-term Trading Call: neutral Stock Market Commentary The waiting game continues within a bullish cloak. An extended overbought rally … Read more
I guess all that corn syrup is weighing down Molson Coors (TAP). I did not have a chance to follow-up on my positive technical outlook on TAP because a poor earnings response took the stock down today by a whopping 9.4%. The stock gapped down below support at both its 50 and 200-day moving averages … Read more
AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #5, 35-month low!)AT200 = 12.8% of stocks are trading above their respective 200DMAs (new 34-month low)VIX = 28.4 (10-month high, intraday high at 30.3)Short-term Trading Call: bullish (caveats below!) Commentary The plunge continues. AT40 (T2108), the percentage of stocks … Read more