ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In late August, I wrote about a bad turn for the Turkish lira. Over two months later, the lira is around the same price levels in USD/TRY and EUR/TRY – two key pairs for the lira – but the path to this point has featured plenty of volatility. From a technical perspective, USD/TRY is testing … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.9% of stocks are trading above their respective 200DMAsVIX = 13.1Short-term Trading Call: neutral Stock Market Commentary A Sufficient Resolution Seems about right. Just as I switch from a (cautiously) bearish stance to neutral, the stock market throws more definitively … Read more
AT40 = 39.0% of stocks are trading above their respective 40-day moving averages (DMAs) (intraday low at 34.5%)AT200 = 45.3% of stocks are trading above their respective 200DMAsVIX = 20.6Short-term Trading Call: cautiously bearish (caveats below) Stock Market Commentary A Broad-Based Exit The selling today was so broad that even Invesco S&P 500 Low Volatility … Read more
AT40 = 67.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 13.7Short-term Trading Call: neutral Stock Market Commentary Overbought Overrules Times like these remind me of the significance of the overbought line. AT40 (T2108), the percentage of stocks … Read more
Bitcoin (BTC/USD) continues to provide great data points for using Google Trends to assess the sustainability of significant price movements. So many milestones have occurred in such a short period of time that I decided to name this process: the Google Trend Momentum Check or “GTMC” for short. The latest example of the GTMC occurred … Read more