ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
This week’s housing data were impressive. The Housing Market Index (HMI) for October reported another all-time for home builder sentiment. Subsequently, starts for single-family homes hit a fresh 13-year high. Yet, the stock market yawned. Housing-related stocks demonstrated rare signs of weakness not seen in a long time. Several stocks suffered breakdowns below their respective … Read more
I gave up on Teucrium Corn Fund (CORN) a long time ago. I grew weary of holding against a consistent downtrend waiting for bullish catalysts to materialize. Suddenly, for the first time in 14 months, CORN generated a breakout above its 200-day moving average (DMA). As a result, it is time to buy CORN. In … Read more