ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.5% of stocks are trading above their respective 200DMAs VIX = 11.5 (volatility index) Short-term Trading Call: neutral Commentary Market weakness continued to grow today even as the major indices barely notched losses on the day. AT40 (T2108), the … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.2% of stocks are trading above their respective 200DMAs VIX = 11.2 (volatility index) Short-term Trading Call: neutral Commentary Here we go again. Divergence is rearing its head again and bringing a dose of reality to the setup for … Read more
The iShares Silver Trust (SLV) made a major peak last summer when it hit a 2-year high. The rally year-to-date seemed to come to an abrupt end when SLV plunged through support at its 200-day moving average (DMA) and its 20DMA uptrend. Source: FreeStockCharts.com However, don’t tell speculators any sad tales about silver. Speculators increased … Read more
AT40 = 57.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 67.0% of stocks are trading above their respective 200DMAs VIX = 11.0 (volatility index) Short-term Trading Call: neutral Commentary So March it is then! In reaction to U.S. Federal Reserve Chair Janet Yellen’s speech at The Executives’ Club of … Read more
AT40 Status: 63.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.8% of stocks are trading above their respective 200DMAs VIX Status: 12.1 (volatility index) Short-term Trading Call: neutral Commentary In my last “Above the 40” post, I noted that the rejection of AT40 (T2108), the percentage of stocks trading … Read more