ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 3.8% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd oversold day)AT200 = 5.0% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 65.5Short-term Trading Call: bullish Stock Market Commentary First a dose of hope: “Coronavirus treatment: Palo Alto woman recovers from coronavirus after … Read more
It is hard to imagine now, but the U.S. consumer economy will rebound. When it does, these current days will look like a time of incredible bargains. One of the many challenges of buying in the middle of panic and an economic calamity is finding companies that are durable and worth the risk of an … Read more
AT40 = 2.5% of stocks are trading above their respective 40-day moving averages (DMAs) (20th oversold day)AT200 = 3.7% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 61.7Short-term Trading Call: bullish Stock Market Commentary The week did not start as I feared with a 5th circuit breaker shut-down … Read more
The Price Action Bitcoin (BTC/USD) is on more media radars after breaking out above $10,000 last week. Last month, Bitcoin broke out from a downtrend in place since the last big run-up peaked in June, 2019. The $10K breakout ran into a wall from resistance formed by the high when Bitcoin suddenly spiked straight up … Read more
The seasonally strong period for home builders begins in November. For this period, home builders tend to outperform the S&P 500 (SPY) which is also in its own period of seasonal strength. So far, home builders have lagged significantly in what I continue to call the moment of truth for home builders. Since November, the … Read more