ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 55.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 9.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary In my last Above the 40 post, I noted how the trading action made it hard for me to … Read more
Trading for the iPath Bloomberg Cocoa SubTR ETN (NIB) could have started quite negatively this week. Yesterday, On May 29th, Bloomberg reported from unnamed sources that Ghana’s main crop for the cocoa growing season would produce its highest tonnage in three years: “Graded and sealed deliveries from the so-called main crop, the larger of two … Read more
The French people will make a final decision on a President in less than 24 hours from the time of writing. Financial markets are in a much different place now than they were two weeks ago ahead of the initial round of voting. Thanks to the “French Fly” optimism is riding high and all assumptions … Read more
AT40 = 68.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.4% of stocks are trading above their respective 200DMAs VIX = 10.9 (volatility index) Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), pushed into overbought territory today with … Read more
AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The French Fly continued apace as financial markets continued to celebrate. In my previous post, I failed to post a … Read more