ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 55.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 16.6 Short-term Trading Call: neutral Commentary The buyers went right back to work after bears engulfed the end of trading last week. The indices crept higher on the … Read more
AT40 = 35.9% of stocks are trading above their respective 40-day moving averages (DMAs) (jumped from 25.6%) AT200 = 43.0% of stocks are trading above their respective 200DMAs (up from 2-year closing low at 37.5%) VIX = 21.0 Short-term Trading Call: neutral Commentary This is truly a market that is from another planet. In my … Read more
NOW this is getting really interesting. I am still in learning mode on cryptocurrencies. Every twist and turn is like a new flower patch around the bend. When I last wrote about the price patterns in Bitcoin a week and a half ago, I gave a qualified call for a bottom in the price of … 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 = 18.1% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #3) AT200 = 43.9% of stocks are trading above their respective 200DMAs VIX = 25.6 (range from 24.4 to 29.7) Short-term Trading Call: bullish Commentary My favorite technical indicator made a valiant effort, but it could not quite break … Read more