ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.2% of stocks are trading above their respective 200DMAs VIX = 16.0 (volatility index) Short-term Trading Call: cautiously bullish (notable caveats explained below) Commentary The 50-day moving average (DMA) is no longer golden. It figures that on a day … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 27, 2017. Click here to read the entire piece.) In late August, 2016, I got ready to buy back into the iPath Bloomberg Cocoa SubTR ETN (NIB) as a part of my strategy to trade its price range at that … Read more
A little over two years ago, El Pollo Loco Holdings (LOCO), a quick serve restaurant that “offers individual and family-sized chicken meals, Mexican-inspired entrees, sides, and, alternative proteins,” was mentioned as a potential acquisition target of Jollibee Foods Corp, the largest fast food franchisor in the Philippines. LOCO closed that day at $26.25 and with … Read more
AT40 Status: 60.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 68.4% of stocks are trading above their respective 200DMAs VIX Status: 11.0 (volatility index) Short-term Trading Call: neutral Commentary Nothing says “strong sentiment” like a stock market that actually rallies on a strong U.S. jobs report: the fear of … Read more
(“Above the 40” uses the percentage of stocks trading above their respective 40-day moving averages [DMAs] to assess the technical health of the stock market and to identify extremes in market sentiment that are likely to reverse. Abbreviated as AT40, Above the 40 is an alternative label for “T2108” which was created by Worden. Learn … Read more