ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 60.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 13.4 Short-term Trading Call: neutral Commentary Until Friday’s 0.8% gain on the S&P 500 (SPY) in the wake of another strong jobs report, I was still expecting the … Read more
AT40 = 48.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.7% of stocks are trading above their respective 200DMAs VIX = 16.1 Short-term Trading Call: bearish Commentary The market’s gains the last two days validated my expectation for a relief bounce. I used this bounce to make more bearish … Read more
AT40 = 63.1% ƒof stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 13.8 Short-term Trading Call: bearish Commentary In my last Above the 40 post, I described how growing global trade wars are creating widening divergences in … Read more
AT40 = 65.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.5% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.8 Short-term Trading Call: bearish Commentary The stock market is oozing with divergences as a result of global trade wars, especially the escalating spat between … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.8% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.0 Short-term Trading Call: bearish Commentary Once again, a tried and true bearish signal delivered. However this success came with a tremendous caveat: a simultaneously … Read more
AT40 = 71.1% of stocks are trading above their respective 40-day moving averages (DMAs) (first overbought day) AT200 = 57.9% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.4 Short-term Trading Call: bullish Commentary After 92 trading days, the stock market is finally overbought again. The last overbought period ended … Read more
The fundamentals have changed little. Sentiment is making a dramatic shift. The last Housing Market Review covered data reported in April, 2018 for March, 2018. At the time, I lamented a dissonance of decelerating housing data and diverging home builder stocks. Over a month later, the deceleration is a little less pronounced while the divergence … Read more
AT40 = 68.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.3% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 11.6 Short-term Trading Call: neutral Commentary It is tough avoiding a flip on my short-term trading call to bullish, but I am sticking by my … Read more
AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.4 Short-term Trading Call: neutral Commentary A month ago I pounded the table for Apple (AAPL). I was tempted to extend that sentiment to the … Read more
AT40 = 62.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.7% of stocks are trading above their respective 200DMAs (a near 4-month high) VIX = 13.5 (down 12.8%) Short-term Trading Call: neutral Commentary A day like this past Friday makes me want to be bullish about the entire stock … Read more