ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The French Fly continued apace as financial markets continued to celebrate. In my previous post, I failed to post a … Read more
AT40 = 53.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 61.1% of stocks are trading above their respective 200DMAs VIX = 14.6 (volatility index) Short-term Trading Call: cautiously bullish) Commentary In the middle of last week, the S&P 500 (SPY) looked firmly locked in a state of stasis. The … Read more
By a slim margin, the Turkish people voted to change the country’s government from a Parliamentary system to a Presidential one. The change will reportedly cement the power of President Recep Tayyip Erdogan and allow him to stay in power for as long as 2029 assuming he wins the next two Presidential races. Erdogan argued … Read more
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