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 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 21.5% of stocks are trading above their respective 200DMAs VIX = 33.8Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market is only visible upon close examination. The top technicals for the … Read more
The financial markets have presented numerous extremes during the coronavirus pandemic. I rely on the percentage of stocks trading above their respective 40-day moving averages (DMAs), aka AT40 (T2108), as a measure of oversold (below 20%) and overbought (above 70%) extremes in the stock market. In just three months, the stock market went from printing … Read more
Stock Market Statistics AT40 = 74.1% of stocks are trading above their respective 40-day moving averages (DMAs) (first overbought day, 17 of last 19 trading days overbought)AT200 = 22.6% of stocks are trading above their respective 200DMAs VIX = 36.1 (down 11.5%)Short-term Trading Call: cautiously bullish Stock Market Commentary In the last Above the 40 … Read more
Stock Market Statistics AT40 = 69.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 16 days overbought)AT200 = 20.5% of stocks are trading above their respective 200DMAs VIX = 40.8 (up 48.0%)Short-term Trading Call: cautiously bullish Stock Market Commentary It was fun while it lasted. The Federal Reserve delivered its latest … Read more
The stock market crash in March was stomach-churning and generated a lot of panic. At its lowest point, the S&P 500 (SPY) was down 33.9% from its all-time high set just the previous month. The rebound from that stock market sell-off has been heroic with a 32.1% gain taking the index within another 14.6% rally … Read more