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 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 21.5% of stocks are trading above their respective 200DMAs VIX = 33.8Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market is only visible upon close examination. The top technicals for the … Read more
Stock Market Statistics AT40 = 68.7% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 5 days overbought, over 70%)AT200 = 25.7% of stocks are trading above their respective 200DMAs VIX = 35.1Short-term Trading Call: neutral Stock Market Commentary When the NBA suspended/cancelled its basketball season in March, I wrote about how … Read more
When a financial market gets expensive, traders and investors start broadening their search for low-price opportunities. As an overbought U.S. stock market hits the late stages of an impressive rebound from March’s crash, its stock market looks expensive. Meanwhile, “emerging market” currencies like the Turkish lira, South African rand, and the Mexican have barely started … Read more
Stock Market Statistics AT40 = 56.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 14.5% of stocks are trading above their respective 200DMAsVIX = 31.9Short-term Trading Call: neutral Stock Market Commentary The week began with sellers finally drawing a line in the sand. The week ended with a counter from … Read more
Stock Market Statistics AT40 = 82.3% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought day #2)AT200 = 16.5% of stocks are trading above their respective 200DMAsVIX = 28.0Short-term Trading Call: neutral Stock Market Commentary Winners and losers are becoming more and more distinct in the stock market. While skeptics and bears … Read more