ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
When speculators finally flipped bullish on the British pound (FXB), it looked like the action came right as the currency was making a peak against the U.S. dollar (DXY0). The timing of my observation happened to mark the bottom for GBP/USD, and now speculators have backed down from their nascent pound bullishness. They now hold … Read more
AT40 = 57.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 11.2 (was as high as 13.2) Short-term Trading Call: cautiously bullish Commentary It took three days for the volatility faders to show up again. Nerves in volatility trading … Read more
AT40 = 69.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended 12 straight days overbought AT200 = 59.7% of stocks are trading above their respective 200DMAs VIX = 9.9 Short-term Trading Call: bullish (see caveats below) Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more
I first wrote about Ulta Beauty (ULTA) in early September, 2016 after it confirmed a bearish breakdown from support at its 50-day moving average (DMA). I never traded the stock and missed the entire recovery and 31% gain to the last peak and all-time high in early June, 2017. It took another bearish breakdown for … Read more
AT40 = 73.8% of stocks are trading above their respective 40-day moving averages (DMAs) – overbought day #7 AT200 = 59.7% of stocks are trading above their respective 200DMAs VIX = 9.7 Short-term Trading Call: bullish Commentary This is what a lift-off for an extended overbought rally looks like. The S&P 500 (SPY) followed its … Read more