ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
“There’s already great speculation about the exact timing of the first rate hike and this decision is becoming more balanced. It could happen sooner than markets currently expect… …The need for internal balance – to use up wasteful spare capacity while achieving the inflation target – will likely require gradual and limited interest rate increases … Read more
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.1% of stocks are trading above their respective 200DMAs VIX = 10.7 (down 11.5%) Short-term Trading Call: neutral (see below for caveats) Commentary I had no idea that the previous tensions in the stock market fully priced in the … Read more
AT40 = 44.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.9% of stocks are trading above their respective 200DMAs VIX = 12.1 (up 4.9%) Short-term Trading Call: neutral Commentary The market has made no progress since my last Above the 40 post which covered the volatility and fizzle from … Read more
AT40 = 44.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.5% of stocks are trading above their respective 200DMAs VIX = 12.2 (was as high as 14.1) Short-term Trading Call: neutral Commentary Another North Korean nuclear power move caused more rattling in financial markets. The last time the market … Read more
The last Housing Market Review covered data reported in July, 2017 for June, 2017. The month from there marked a significant change in tone for home builders. The change in tone starts with the iShares U.S. Home Construction ETF (ITB) and its failure to hold support at its 50-day moving average (DMA) for the first … Read more