ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 17.3 (28.5% increase!) Short-term Trading Call: bullish Commentary “We cannot tolerate pervasive and persistent misconduct at any bank and the consumers harmed by Wells Fargo expect that robust … Read more
The trading volatility in Bitcoin (BTC) is delivering a healthy number of extremes. These accumulating extremes are helping me build associations between Bitcoin price action and Google search interest in the cryptocurrency. The latest round of extremes delivered some eye-opening associations which could help traders in the near future. This week, on January 15th, Bitcoin … Read more
One part of the bear case for ShotSpotter (SSTI) is that insiders are eager to dump their positions, and their selling will crush the stock. It turned out that company executives were eager and willing to BUY company shares. When it came time for a significant holder to sell, SSTI sailed through the event just … Read more
AT40 = 69.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 9.9 Short-term Trading Call: cautiously bullish Commentary Last week, I complained about the stock market’s “rubber band” getting stretched. I claimed that AT40 (T2108), the percentage of stocks … Read more
Last week, I wrote about how economic data overrode the apparent desire of the Bank of Canada (BoC) to apply brakes to the strength of the Canadian dollar (FXC). Friday’s jobs report all but sealed the deal on the bullish case for the Canadian dollar and makes it more likely that the BoC will be … Read more