ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary A divergence in the housing market is emerging between slowing home builder stocks and strong housing data. The housing boom in the U.S. continued to make its mark in the middle of the pandemic-induced recession. While new home sales took a bit of a pause in October, housing starts, existing … Read more
Stock Market Statistics AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.5% of stocks are trading above their respective 200DMAs (8-month high) VIX = 29.6. (a plunge of 16.8%) Short-term Trading Call: neutral (downgrade from cautiously bullish) Stock Market Commentary At the time of writing, the U.S. … Read more
Stock Market Statistics AT40 = 26.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.5% of stocks are trading above their respective 200DMAs (8-month high) VIX = 38.0 Short-term Trading Call: cautiously bullish Stock Market Commentary A little over a week ago, the stock market looked poised to launch higher … Read more
The week started with key support at the 50-day moving average (DMA) giving way for the S&P 500 (SPY). The meltdown started into a crescendo today with 50DMA breakdowns across indices. The selling was swift enough to drive my favorite technical indicator close to oversold levels. AT40 (T2108), the percentage of stocks trading above their … Read more
Stock Market Statistics AT40 = 46.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.9% of stocks are trading above their respective 200DMAs (8-month high) VIX = 32.5 Short-term Trading Call: cautiously bullish Stock Market Commentary The stock market looked like it was warming up from a period of cooling … Read more