ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 39.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.7% of stocks are trading above their respective 200DMAs VIX = 17.8% Short-term Trading Call: neutral Commentary “Dear President Trump: We are writing to express deep concern about the prospect of broad, global tariffs on aluminum and steel imports. … Read more
AT40 = 31.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.0% of stocks are trading above their respective 200DMAs VIX = 18.6 (17.7% gain) Short-term Trading Call: bullish (caveats below!) Commentary During the thick of the sell-off earlier this month, I stated with tongue-in-cheek that Federal Reserve Chair Jerome … Read more
AT40 = 28.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 47.4% of stocks are trading above their respective 200DMAs VIX = 20.0 Short-term Trading Call: neutral (downgrade from cautiously bullish) Commentary Buyers are starting to look exhausted. Based on the topsy-turvy reaction to the minutes from the last meeting … Read more
AT40 = 27.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.3% of stocks are trading above their respective 200DMAs VIX = 19.3 (drop of 22.9%) Short-term Trading Call: bullish PROLOGUE Valentine’s Day, February 14th, was a great day in the stock market and a fantastic validation of my strategizing … Read more
AT40 = 20.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ends 3-day oversold period) AT200 = 44.8% of stocks are trading above their respective 200DMAs VIX = 25.0 (smallest range since February 1, 2018) Short-term Trading Call: bullish Commentary It was a reluctant push, but AT40 (T2108), the percentage of stocks … Read more