ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 68.6% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 2 days overbought)AT200 = 12.2% of stocks are trading above their respective 200DMAsVIX = 37.2Short-term Trading Call: neutral Stock Market Commentary The Federal Reserve’s last statement on monetary policy may go down as the short-term peak in … Read more
The Bitcoin Price Breakout Bitcoin (BTC/USD) wiped away my wariness about the price action with one clean breakout that finished a reversal of March’s steep losses. For about five days, Bitcoin was teasing its way toward a challenge of overhead resistance at its downtrending 200-day moving average (DMA). During the previous day, Bitcoin gained about … Read more
AT40 = 30.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.7% of stocks are trading above their respective 200DMAsVIX = 43.8Short-term Trading Call: cautiously bullish Stock Market Commentary The culture of collapse that has accompanied the coronavirus pandemic reached new lows. The on-going collapse in oil prices reached new … Read more
AT40 = 19.7% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #1)AT200 = 9.2% of stocks are trading above their respective 200DMAsVIX = 41.2Short-term Trading Call: cautiously bullish Stock Market Commentary It lasted just a day. The market’s historic oversold period lasted 31 days and ended with a flurry. This … Read more
AT40 = 24.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 31-day oversold period)AT200 = 10.9% of stocks are trading above their respective 200DMAsVIX = 41.7Short-term Trading Call: cautiously bullish Stock Market Commentary “The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support … Read more