ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
From Underwhelmed to Overwhelmed Disney (DIS) finally officially jumped into the streaming wars with its introduction of Disney +. The service launched on November 12, 2019 with a press release announcing: ” Disney+, the highly anticipated streaming service from The Walt Disney Company, launched today in the U.S., Canada, and The Netherlands. With nearly 500 … Read more
AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.1% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (see below) Stock Market Commentary A Sufficient Resolution I still harbor lingering skepticism, but the S&P 500’s recovery from the last hiccup and its subsequent slow … Read more
AT40 = 52.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.6Short-term Trading Call: cautiously bearish Stock Market Commentary A Broad-Based Re-Entry Two Fridays ago, buyers took the S&P 500 (SPY) back above its 50-day moving average (DMA). It was yet … Read more
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