ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 46.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.0% of stocks are trading above their respective 200DMAs VIX = 12.9 (volatility index) Short-term Trading Call: cautiously bullish (notable caveats explained below) Commentary The timetable for a May end to this period of extremely low volatility looks like … Read more
AT40 = 42.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.1% of stocks are trading above their respective 200DMAs VIX = 11.7 (volatility index) Short-term Trading Call: neutral Commentary The February U.S. jobs report catalyzed the next swing in the stock market’s bear-bull knife fight. I noted in my … Read more
AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.5% of stocks are trading above their respective 200DMAs VIX = 11.5 (volatility index) Short-term Trading Call: neutral Commentary Market weakness continued to grow today even as the major indices barely notched losses on the day. AT40 (T2108), the … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.2% of stocks are trading above their respective 200DMAs VIX = 11.2 (volatility index) Short-term Trading Call: neutral Commentary Here we go again. Divergence is rearing its head again and bringing a dose of reality to the setup for … Read more
In early January, Tesla Motors (TSLA) confirmed its breakout from resistance at its 200-day moving average (DMA). At that point, I got bullish on the stock from a swing trading perspective. That bullishness came to a screeching halt today. On September 4, 2014, Tesla Motors (TSLA) reached an all-time closing high of $286.04/share. The stock … Read more