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 = 67.8% of stocks are trading above their respective 40-day moving averages (DMAs) (high of 75.1%) AT200 = 63.6% of stocks are trading above their respective 200DMAs (near 3-year high and breakout above post financial crisis downtrend) VIX = 25.8 (as low as 22.4) Short-term Trading Call: neutral Stock Market Commentary … Read more
Stock Market Statistics AT40 = 52.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.3% of stocks are trading above their respective 200DMAs (8-month high) VIX = 24.9 Short-term Trading Call: neutral Stock Market Commentary Based on AP results, Joe Biden and Kamala Harris declared victory in the U.S. Presidential … Read more
Stock Market Statistics AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.5% of stocks are trading above their respective 200DMAs (8-month high) VIX = 29.6. (a plunge of 16.8%) Short-term Trading Call: neutral (downgrade from cautiously bullish) Stock Market Commentary At the time of writing, the U.S. … Read more
Stock Market Statistics AT40 = 26.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.5% of stocks are trading above their respective 200DMAs (8-month high) VIX = 38.0 Short-term Trading Call: cautiously bullish Stock Market Commentary A little over a week ago, the stock market looked poised to launch higher … Read more
I gave up on Teucrium Corn Fund (CORN) a long time ago. I grew weary of holding against a consistent downtrend waiting for bullish catalysts to materialize. Suddenly, for the first time in 14 months, CORN generated a breakout above its 200-day moving average (DMA). As a result, it is time to buy CORN. In … Read more
Stock Market Statistics AT40 = 56.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.1% of stocks are trading above their respective 200DMAs VIX = 27.4 Short-term Trading Call: cautiously bullish Stock Market Commentary The stock market made a bullish move last week as financials broke out, but I noted … Read more
Stock Market Statistics AT40 = 41.8% of stocks are trading above their respective 40-day moving averages (DMAs) (ranged from 25.8% to 42.8%) AT200 = 42.6% of stocks are trading above their respective 200DMAs (ranged from 39.2% to 45.5%) VIX = 27.6 Short-term Trading Call: cautiously bullish Stock Market Commentary Last Friday was the kind of … Read more
Stock Market Statistics AT40 = 33.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 42.6% of stocks are trading above their respective 200DMAs VIX = 26.2 Short-term Trading Call: cautiously bullish Stock Market Commentary The major indices bounced out of oversold trading conditions only to face down the immediate challenge … Read more
Stock Market Statistics AT40 = 23.3% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 2-day oversold period)AT200 = 38.6% of stocks are trading above their respective 200DMAsVIX = 26.4Short-term Trading Call: cautiously bullish Stock Market Commentary The oversold period lasted just two days, a typical length of time for oversold periods. … Read more
The Turkish lira suffered another run of sustained weakness this month. Weakness in the Turkish lira drove USD/TRY to new all-time highs. On Thursday, the Central Bank of the Republic of Turkey (CBRT) tried yet again to stop the bleeding. The Turkish Central Bank hiked its policy rate an entire 200 basis points from 8.25% … Read more