ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.5% of stocks are trading above their respective 200DMAsVIX = 17.0Short-term Trading Call: cautiously bearish Stock Market Commentary A Broad-Based Re-Entry The bull market remains very much alive. When AT40 (T2108), the percentage of stocks trading above their respective 40-day … Read more
AT40 = 68.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary One More Risk to Ignore An impeachment inquiry, an “admission”, and fresh promises from President Trump about getting a trade deal done with … Read more
AT40 = 70.3% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought)AT200 = 59.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 14.7Short-term Trading Call: neutral Stock Market Commentary Oil Soars When I wrote my last Above the 40 post, I knew about the drone strike on … Read more
AT40 = 67.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 13.7Short-term Trading Call: neutral Stock Market Commentary Overbought Overrules Times like these remind me of the significance of the overbought line. AT40 (T2108), the percentage of stocks … Read more
AT40 = 62.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.2% of stocks are trading above their respective 200DMAs (finished reversing all of August’s decline)VIX = 15.2Short-term Trading Call: neutral Stock Market Commentary Role reversal While the S&P 500 (SPY) and the NASDAQ (COMPQX) continue to fail at confirming … Read more
AT40 = 49.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.0Short-term Trading Call: neutral Stock Market Commentary One Obvious Pattern to Another The S&P 500 (SPY) and the NASDAQ (COMPQX) transitioned from an obvious trading range to an obvious … Read more
While the month of August was full of sharp trading action which left the S&P 500 (SPY) trapped in a trading range, home builders emerged stronger. The 4.8% August gain for iShares Dow Jones Home Construction ETF (ITB) far out-performed the S&P 500 (SPY) which languished with a 1.8% loss. Ironically, the stock market’s small … Read more
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.0Short-term Trading Call: neutral Stock Market Commentary The Trigger Finger On Tuesday (August 27), I saw enough hints of a flip from a bullish to bearish divergence … Read more
AT40 = 28.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.5% of stocks are trading above their respective 200DMAs (2-month low)VIX = 20.3Short-term Trading Call: neutral (from cautiously bullish) Stock Market Commentary The 401K stock market’s ugly sandwich just got a bit soggy. My premise for clinging to a … Read more
The honeymoon seems already over for the new governor of the Central Bank of the Republic of Turkey (CBRT). After the promotion of Murat Uysal to governor of the CBRT, I concluded the Turkish lira would weaken. That weakness lasted all of one day, and the lira proceeded to bounce around in a range. Next … Read more