ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 47.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary Like two ships passing in the night, the NASDAQ, including the PowerShares QQQ ETF (QQQ), took back its advantage … Read more
AT40 = 56.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.5% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary The Federal Reserve gave the permission to the stock market that I awaited…well, sort of. On Wednesday, June 14, … Read more
AT40 = 58.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.5% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) (intraday high of 12.11) Short-term Trading Call: cautiously bullish Commentary It seemed poetic. The Golden State Warriors, hailing from the tech heavy San Francisco Bay … Read more
AT40 = 55.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 9.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary In my last Above the 40 post, I noted how the trading action made it hard for me to … Read more
The last Housing Market Review covered data reported in April, 2017 for March, 2017. At that time, the iShares US Home Construction (ITB) was at the high end of almost two months of churn which included a new 10-year high. ITB has not hit “escape velocity” from its price where the U.S. Federal Reserve last … Read more