ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 63.3% of stocks are trading above their respective 40-day moving averages (DMAs) (25th overbought day)AT200 = 41.0% of stocks are trading above their respective 200DMAsVIX = 15.7Short-term Trading Call: cautiously bearish Stock Market Commentary The broken record in the stock market finally came to an end. The small nick in the overbought period … Read more
The Setup Tesla (TSLA) gapped down last Tuesday on the heels of news that the SEC wanted to go after Elon Musk for tweet contempt. Buyers stepped right in, and, with some help from more Musk tweets about imminent news, the stock shot straight up and even broke through converged resistance at 50 and 200-day … Read more
AT40 = 80.0% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd overbought day)AT200 = 45.5% of stocks are trading above their respective 200DMAsVIX = 14.7Short-term Trading Call: neutral Stock Market Commentary And still the waiting game rolls along. News on the US-China trade front generated some excitement to start the week, … Read more
AT40 = 85.7% of stocks are trading above their respective 40-day moving averages (DMAs) (20th overbought day)AT200 = 47.3% of stocks are trading above their respective 200DMAs (4-month high which reverses the October, 2018 breakdown)VIX = 13.5Short-term Trading Call: neutral Stock Market Commentary The waiting game continues within a bullish cloak. An extended overbought rally … Read more
AT40 = 88.1% of stocks are trading above their respective 40-day moving averages (DMAs) (17th overbought day)AT200 = 45.9% of stocks are trading above their respective 200DMAs (4-month high that effectively reverses the October, 2018 breakdown)VIX = 14.9Short-term Trading Call: neutral Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40DMAs, … Read more
AT40 = 78.7% of stocks are trading above their respective 40-day moving averages (DMAs) (11th overbought day)AT200 = 35.3% of stocks are trading above their respective 200DMAsVIX = 15.7Short-term Trading Call: neutral Commentary In my last Above the 40 post, I noted the “convenience” test of 200DMA resistance for major indices. The S&P 500 and … Read more
AT40 = 76.4% of stocks are trading above their respective 40-day moving averages (DMAs) (1st overbought day)AT200 = 28.7% of stocks are trading above their respective 200DMAs (near 2-month high)VIX = 17.4Short-term Trading Call: neutral Commentary It was just a week ago when the stock market surged to overbought levels in a bullish move. AT40 … Read more
AT40 = 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 1-day overperiod)AT200 = 24.6% of stocks are trading above their respective 200DMAsVIX = 20.8Short-term Trading Call: neutral Commentary Days like these remind me of the importance of technicals. Just one trading day after surging into overbought trading territory, the stock … Read more
AT40 = 76.3% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 27.4% of stocks are trading above their respective 200DMAs (6-week high)VIX = 17.8Short-term Trading Call: cautiously bullish Commentary I noted in my last post that the signs of exhaustion in the major indices gave way to more … Read more
AT40 = 61.9% of stocks are trading above their respective 40-day moving averages (DMAs) (near 5-month high)AT200 = 23.2% of stocks are trading above their respective 200DMAs (1-month high)VIX = 19.0Short-term Trading Call: cautiously bullish Commentary The signs of exhaustion in the major indices have given way to more and more breakouts. Most importantly, AT40 … Read more