ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Market expectations for a June rate hike remain as solid as ever. However, expectations for two more rate hikes in 2017 have wavered. A day ahead of the release of the next decision on monetary policy from the U.S. Federal Reserve, Fed Fund futures pricing in two rate hikes by December (assuming 25 basis point … Read more
AT40 = 58.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.0% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The last week of trading for April transitioned readily from the French Fly that sent financial markets into celebratory dances … Read more
AT40 = 53.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 61.1% of stocks are trading above their respective 200DMAs VIX = 14.6 (volatility index) Short-term Trading Call: cautiously bullish) Commentary In the middle of last week, the S&P 500 (SPY) looked firmly locked in a state of stasis. The … Read more
AT40 = 47.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.1% of stocks are trading above their respective 200DMAs VIX = 14.9 (volatility index) Short-term Trading Call: cautiously bullish) Commentary The S&P 500 (SPY) ended last week on a sour note. The index hit its first 42 trading day … Read more
Sellers once again lost their advantage as the S&P 500 (SPY) came roaring right back from its ugliest close since the U.S. Presidential election. The bullishness on the day was on full display with the number of new all-time highs well out-pacing new all-time lows by 181 to 79. While the S&P 500 (SPY) still … Read more