ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 49.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary The stock market’s coordinated yet precarious dance around 50-day moving averages (DMAs) continued on Friday. The latest round of technical battles played out … Read more
AT40 = 45.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.5% of stocks are trading above their respective 200DMAsVIX = 19.1Short-term Trading Call: neutral Stock Market Commentary President Trump carried through on his threat to increase tariffs on China while at the same time tantalizing markets with fresh hope over … Read more
AT40 = 63.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.1% of stocks are trading above their respective 200DMAsVIX = 12.9Short-term Trading Call: neutral Stock Market Commentary The stock market is keeping the faith. The previous week ended with a U.S. GDP report for Q1 2019 that represented well the … Read more
Chaos After the divided politicians of the United Kingdom managed to postpone Brexit to October 31, 2019 from March 29, 2019, I assumed the British pound (FXB) would take a break from wild and sudden gyrations. I was wrong. On Thursday, local elections plunged the Conservative party (the Tories) into a resounding defeat that most … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.5% of stocks are trading above their respective 200DMAsVIX = 12.3Short-term Trading Call: neutral (change from bearish) Stock Market Commentary It was one of those amazing endings. First round of the NBA playoffs. The Portland Trailblazers up 3 games to … Read more
AT40 = 58.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.5% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: bearish Stock Market Commentary The S&P 500 (SPY) ended the previous week looking ready to lunge for its all-time high. Surprisingly, buyers decided to take a rest, … Read more
AT40 = 58.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.4% of stocks are trading above their respective 200DMAsVIX = 14.3Short-term Trading Call: bearish Stock Market Commentary Ever since the last overbought period ended, the stock market has experienced just two clear bearish signals. Each time, the bearishness was well-telegraphed … Read more
I have finally jumped into the crypto-era. Bitcoin broke out into the first “convincing” and buyable technical pattern I have seen since the bubble burst over a year ago. Breakout Anyone who follows cryptocurrencies knows by now that Bitcoin (BTC/USD) broke out last week. The move was a powerful one that launched the cryptocurrency out … Read more
AT40 = 52.3% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 42.6% of stocks are trading above their respective 200DMAsVIX = 13.7 Short-term Trading Call: bearish (caveats below!) Stock Market Commentary The previous Friday’s trading action provided delayed confirmation of my short-term bearish trading call. Last week delivered … Read more
The Swiss National Bank (SNB) released its latest decision on monetary policy on Thursday, March 21. Apparently the warnings from the SNB were drowned out by the rallies in financial markets that day. The SNB dropped its growth forecast, its inflation forecast, and reiterated that economic risks are biased to the downside. I took particular … Read more