ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.6% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary And just like that, the stock market made it even harder for me to keep a bullish bias on … Read more
Before the sell-off from Trump Turmoil, there was the sell-off ahead of the Easter weekend that looked weighty enough to deliver an extended breakdown below the 50-day moving average (DMA) for the S&P 500 (SPY). Buyers came storming back after that weekend. Out of curiosity, I used SwingTradeBot.com to identify the strongest stocks of the … Read more
Another Presidential-level scandal has engulfed Brazil. On the morning of Thursday, May 18th, news hit the wires that Brazilian President Michel Temer was accused of bribery. The crisis deepened after Brazil’s Supreme Court gave the go-ahead for an investigation into the bribery allegations From Reuters: “Brazil’s President Michel Temer on Thursday defiantly said he would … Read more
AT40 = 54.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.4% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary Two hallmarks of this current stock market have been the 1) consistent weakness of sellers and 2) the persistent ability … Read more
AT40 = 58.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 61.1% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary At the end of April, I noted how the stock market headed into May trading with a mix of alerts. … Read more