Breakout

Above the 40 (April 16, 2018) – The Stock Market’s Unseen Bullish Breakout Awaiting Confirmation

AT40 = 55.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 16.6 Short-term Trading Call: neutral Commentary The buyers went right back to work after bears engulfed the end of trading last week. The indices crept higher on the … Read more

Above the 40 (April 13, 2018) – The Bears Engulf An Otherwise Uplifting Week for the Stock Market

AT40 = 45.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.0% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) gained 2.0% for the week. Yet the week felt like a loser given the way it ended. The … Read more

Fresh Troubles for the Turkish Lira

The Turkish lira is in trouble again. Last week, USD/TRY hit an all-time high amid more dire headlines for the Turkish economy and the monetary policy of the Central Bank of the Republic of Turkey (CBRT). On April 3rd, Bloomberg reported the following issues: 7.4% GDP growth in 2017 is overheating the economy. Turkish companies … Read more

Above the 40 (March 26, 2018) – Buyers Buoy the Stock Market

AT40 = 35.9% of stocks are trading above their respective 40-day moving averages (DMAs) (jumped from 25.6%) AT200 = 43.0% of stocks are trading above their respective 200DMAs (up from 2-year closing low at 37.5%) VIX = 21.0 Short-term Trading Call: neutral Commentary This is truly a market that is from another planet. In my … Read more