ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
AT40 = 14.6% of stocks are trading above their respective 40-day moving averages (DMAs) (day 2 oversold) AT200 = 31.4% of stocks are trading above their respective 200DMAs (near 2-year low) VIX = 29.1 (range from 27.7 to 41.1) Short-term Trading Call: bullish Commentary Friday’s classic battle between buyers and sellers delivered a (short-term?) market … Read more
This year was supposed to be the year of retail. Last week’s sell-off not only took down a broad base of stocks, but also it plunged retail stocks in aggregate into under-performance against the S&P 500 (SPY). Moreover, home builders broke down in a very bearish way and thus put my “buy the dip” strategy … Read more
AT40 = 66.3% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 63.6% of stocks are trading above their respective 200DMAs VIX = 11.9 Short-term Trading Call: bullish Commentary When traders closed up shop on Friday, I am guessing they assumed, as I did, … Read more