ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 58.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.4% of stocks are trading above their respective 200DMAsVIX = 14.3Short-term Trading Call: bearish Stock Market Commentary Ever since the last overbought period ended, the stock market has experienced just two clear bearish signals. Each time, the bearishness was well-telegraphed … Read more
AT40 = 63.3% of stocks are trading above their respective 40-day moving averages (DMAs) (25th overbought day)AT200 = 41.0% of stocks are trading above their respective 200DMAsVIX = 15.7Short-term Trading Call: cautiously bearish Stock Market Commentary The broken record in the stock market finally came to an end. The small nick in the overbought period … Read more
AT40 = 76.3% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 27.4% of stocks are trading above their respective 200DMAs (6-week high)VIX = 17.8Short-term Trading Call: cautiously bullish Commentary I noted in my last post that the signs of exhaustion in the major indices gave way to more … Read more
AT40 = 44.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.3% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 18.1 Short-term Trading Call: neutral Commentary Last week was a week where the stock market seemed to force its way into the endzone … Read more
AT40 = 51.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: cautiously bullish Commentary I flipped cautiously bullish last week. As I suspected, the prospects for a bounce were not as good as the previous … Read more
AT40 = 51.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 13.2 Short-term Trading Call: neutral Commentary The indicators barely changed from the last Above the 40 post, but the technical winds are likely changing yet again. A little … Read more
AT40 = 52.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 12.2 Short-term Trading Call: neutral Commentary The technical winds may be on the upswing. Last weekend, I pointed out how bearish divergence preceded and warned of the sell-off … Read more
AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.6% of stocks are trading above their respective 200DMAs VIX = 11.4 Short-term Trading Call: cautiously bullish Commentary I call it a mini panic dip. Political news roiled the stock market for a brief moment, a grand 30 minutes … Read more
AT40 = 48.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 11.3 Short-term Trading Call: cautiously bullish Commentary It was by the slimmest of margins, but the S&P 500 (SPY) finally ended a week with a loss. After 8 … Read more
AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) – ended 12 straight days overbought AT200 = 60.3% of stocks are trading above their respective 200DMAs VIX = 10.0 Short-term Trading Call: bullish Commentary On Monday, the S&P 500 (SPY) went into a bearish divergence with AT40 (T2108), the percentage … Read more