ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 49.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.1% of stocks are trading above their respective 200DMAs VIX = 15.8 Short-term Trading Call: bullish Commentary Another proclamation on monetary policy from the Federal Reserve is just 3 trading days away. Hanging in the balance is the S&P … Read more
AT40 = 39.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.7% of stocks are trading above their respective 200DMAs VIX = 17.8% Short-term Trading Call: neutral Commentary “Dear President Trump: We are writing to express deep concern about the prospect of broad, global tariffs on aluminum and steel imports. … Read more
AT40 = 27.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.4% of stocks are trading above their respective 200DMAs VIX = 19.6 Short-term Trading Call: neutral (caveats below!) Commentary President Trump has been talking about taking unilateral trade actions since he was campaigning in 2016. The rhetoric heated up … Read more
The last Housing Market Review covered data reported in January, 2018 for December, 2017. At the time, I described the ominous breakdown of the iShares U.S. Home Construction ETF (ITB), but I was not yet ready to connect the dots on the bearish implications. I am now. ITB has continued its breakdown by first severely … Read more
New Federal Reserve Chair Jerome Powell had his say with Congress this week and some of the conventional financial media and pundits have been shrill with speculation about the potential for four rate hikes in 2018 as a result of Powell’s word choices and tone. This number of hikes is reportedly one more hike than … Read more