ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 44.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.3% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 18.1 Short-term Trading Call: neutral Commentary Last week was a week where the stock market seemed to force its way into the endzone … Read more
Housing-related stocks continue to show signs of a return of buying interest. I keep tabs on these “housing moves” as checks on the health of the sector. These moves are of particular interest now that investors are actively worrying about a housing slowdown just as the stocks of home builders launch into their seasonally strong … Read more
AT40 = 27.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 25.6% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 21.5 Short-term Trading Call: neutral Commentary Last week on November 20th, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving … Read more
AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 34.8% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: bullish Commentary Hold up. Pump the brakes. The bounce from oversold conditions just got more difficult as sellers forced buyers to come to a … Read more
AT40 = 11.0% of stocks are trading above their respective 40-day moving averages (DMAs) – 6th day of oversold period following 4-day oversold period (as low as 10.6%) AT200 = 25.5% of stocks are trading above their respective 200DMAs (as low as 26.7%) VIX = 25.2 Short-term Trading Call: bullish Commentary Time to take a … Read more
AT40 = 13.7% of stocks are trading above their respective 40-day moving averages (DMAs) – 5th day of oversold period following 4-day oversold period (as low as 10.6%) AT200 = 30.0% of stocks are trading above their respective 200DMAs (as low as 26.7%) VIX = 20.7 (as high as 24.7) Short-term Trading Call: bullish Commentary … Read more
AT40 = 41.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary The stock market is stretched yet again based on AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more
On Friday evening, headlines screamed that Tesla (TSLA) CEO Elon Musk had reportedly made a surprisingly bold and extremely risky decision to fight charges of fraud by the Securities Exchange Commission (SEC). On Saturday, it looked like reason and rationality prevailed with an official announcement of a settlement deal issuing a slap on the wrist … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral Commentary The stock market is not quite out the (short-term) woods yet. Last Wednesday I pointed out why the latest bearish divergence forced … Read more
AT40 = 48.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral (downgrade from cautiously bullish) Commentary I am not even going to try to explain why emerging markets and trade-sensitive stocks started this week … Read more