ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 76.6% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #6 overbought) AT200 = 71.8% of stocks are trading above their respective 200DMAs (near 3-year high and holding breakout above post financial crisis downtrend) VIX = 23.7 Short-term Trading Call: neutral Stock Market Commentary The stock market … Read more
Stock Market Statistics AT40 = 74.4% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought, 3 of last 4 days ooverbought) AT200 = 68.1%% of stocks are trading above their respective 200DMAs (near 3-year high and holding breakout above post financial crisis downtrend) VIX = 23.1 Short-term Trading Call: neutral … Read more
Stock Market Statistics AT40 = 52.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.3% of stocks are trading above their respective 200DMAs (8-month high) VIX = 24.9 Short-term Trading Call: neutral Stock Market Commentary Based on AP results, Joe Biden and Kamala Harris declared victory in the U.S. Presidential … Read more
Housing Market Intro and Summary A divergence in the housing market is emerging between slowing home builder stocks and strong housing data. The housing boom in the U.S. continued to make its mark in the middle of the pandemic-induced recession. While new home sales took a bit of a pause in October, housing starts, existing … Read more
Stock Market Statistics AT40 = 56.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.1% of stocks are trading above their respective 200DMAs VIX = 27.4 Short-term Trading Call: cautiously bullish Stock Market Commentary The stock market made a bullish move last week as financials broke out, but I noted … Read more