ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 83.8% of stocks are trading above their respective 40-day moving averages (DMAs) (6th overbought day)AT200 = 34.4% of stocks are trading above their respective 200DMAs (near 2-month high)VIX = 16.1Short-term Trading Call: neutral Commentary Starting in November or so, I developed an expectation for a January sell-off based in anticipation of earnings warnings … Read more
AT40 = 76.3% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 27.4% of stocks are trading above their respective 200DMAs (6-week high)VIX = 17.8Short-term Trading Call: cautiously bullish Commentary I noted in my last post that the signs of exhaustion in the major indices gave way to more … Read more
AT40 = 52.9% of stocks are trading above their respective 40-day moving averages (DMAs) (4-month high)AT200 = 22.4% of stocks are trading above their respective 200DMAs (4-week high)VIX = 18.2 (5-week low)Short-term Trading Call: cautiously bullish Commentary The major indices are still showing signs of exhaustion, but the sellers have yet to wrest back control … Read more
In 2018, the Turkish lira experienced significant selling pressure. At one point in August, the currency went parabolic. USD/TRY gained as much as 34% in just three trading days from August 8th to the 12th. On August 13, 2018, the Central Bank of the Republic of Turkey (CBRT) responded with a laundry list of measures … Read more
AT40 = 11.9% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #12)AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 23.2Short-term Trading Call: bullish (with caveats all over again) Commentary $AUDJPY $AUDUSD $GBPJPY flash crashed. Could this ALL be #forex fallout from $AAPL revenue warning!?! pic.twitter.com/WZS10wj7D9 — … Read more
AT40 = 6.5% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #8)AT200 = 11.0% of stocks are trading above their respective 200DMAsVIX = 30.4 (down 15.7%)Short-term Trading Call: bullish Commentary Pick your favorite catalyst or explanation. I am sure there is good news (or the absence of bad news) out … Read more
AT40 = 3.6% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #7, 10-year low!)AT200 = 8.0% of stocks are trading above their respective 200DMAs (9 1/2- year low!)VIX = 36.1 (1-day gain of 20.0%, 10 1/2- month high)Short-term Trading Call: bullish (oh so many caveats below!) Commentary Although it’s been … Read more
AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #4)AT200 = 14.7% of stocks are trading above their respective 200DMAs (new 34-month low)VIX = 25.6 (no change!)Short-term Trading Call: bullish (caveats below!) Commentary On Tuesday night, basketball great LeBron James, now of the Los Angeles Lakers, experienced an … Read more
AT40 = 19.7% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day oversold)AT200 = 20.7% of stocks are trading above their respective 200DMAs (34-month low)VIX = 21.6Short-term Trading Call: cautiously bullish CommentaryThe stock market is oversold again as a bearish divergence to start the week came to its “logical conclusion.” AT40 (T2108), … Read more
AT40 = 31.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 25.5% of stocks are trading above their respective 200DMAs (just off a 32-month low)VIX = 21.2 (as high as 25.9)Short-term Trading Call: cautiously bullish CommentaryI have become convinced that 2019 is going to deliver another one of those poor trading … Read more