ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 33% and neutral. VIX Status: 20; completely erased all gains from the oversold period. General (Short-term) Trading Call: Hold (or lock in some profits to allow you the comfort … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 25% and neutral. VIX Status: 20; reversed gains from the last day of last oversold period. General (Short-term) Trading Call: Hold. Commentary T2108 rose slightly to 25% on another … Read more
OK. I admit. This post is just an excuse to share what I think is a hilarious music video “Whole Foods Parking Lot.” Even if you do not like rap music, I recommend checking it out. It is about suburban angst (well, as suburban as West Los Angeles can get) exploding in the parking lot … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 21% and neutral (ending 2 days of oversold conditions). VIX Status: 22; higher than the start of last oversold period (19). General (Short-term) Trading Call: Hold, assuming trading longs … Read more
The stock market is oversold, so I am hunting for bullish setups in the charts. Apple (AAPL), the iShares MSCI Brazil Index Fund ETF (EWZ), and the iShares MSCI Australia Index Fund ETF (EWA) are a few of the charts that have caught my interest. Apple (AAPL) plunged through dual supports and bounced right back … Read more