ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 60.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.4% of stocks are trading above their respective 200DMAsVIX = 15.1Short-term Trading Call: neutral Stock Market Commentary Trade War The search for news bad enough to convince the Federal Reserve to cut rates continues. The weekend began with news … Read more
AT40 = 38.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.8% of stocks are trading above their respective 200DMAsVIX = 18.9Short-term Trading Call: cautiously bullish Stock Market Commentary From opening at the edge of oversold trading conditions to closing on near panic buying, last week was a wild week! … Read more
AT40 = 23.8% of stocks are trading above their respective 40-day moving averages (DMAs) (hit a low of 20.7%)AT200 = 36.9% of stocks are trading above their respective 200DMAs (2 1/2 month low)VIX = 18.7Short-term Trading Call: neutral Stock Market Commentary So much for the potential for follow-through on bullish divergence! Perhaps the failure is … Read more
Tears In May Three weeks ago, I wrote about my skepticism about the strength of the British pound (FXB) in the wake of a resounding political defeat for the Conservatives. Brexit-related moves in the pound have proven fleeting and this time was no different. The pound peaked right after that post, but the persistent nature … Read more
AT40 = 42.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 46.4% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary A day after the major indices flipped from bullish support to bearish resistance, buyers rallied these indices through resistance. It was a tenuous … Read more