ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 13.2% of stocks are trading above their respective 40-day moving averages (DMAs) – a 4th oversold day (below 20%) AT200 = 33.6% of stocks are trading above their respective 200DMAs VIX = 21.3 (no change) Short-term Trading Call: bullish Commentary All eyes are now trained on the stock market’s critical long-term moving averages … Read more
AT40 = 11.7% of stocks are trading above their respective 40-day moving averages (DMAs) (hit an intraday low of 9.4%, oversold day #3) AT200 = 32.3% of stocks are trading above their respective 200DMAs (intraday low of 30.0%) VIX = 21.3 (a decrease of 14.7%) Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of … Read more
AT40 = 11.2% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2) AT200 = 31.7% of stocks are trading above their respective 200DMAs () VIX = 23.0 (an increase of 44.0%) Short-term Trading Call: bullish Commentary The market sell-off is unfolding quickly. AT40 (T2108), the percentage of stocks trading above … Read more
General Electric (GE) dropped 4.0% for a fourth straight day of high volume selling. At $11.27/share GE sits at a stomach-churning 9-year low. Source: TradingView GE’s early June expulsion from the Dow Jones Industrial Index seemed like such natural ignition for a bottom that even CNBC’s Jim Cramer got off the fence to declare the … Read more
AT40 = 66.1% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 1-day overbought) AT200 = 55.5% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.9 Short-term Trading Call: bearish Commentary Flipping short-term bullish was fun while it lasted…all of two days. The Federal Reserve hiked interest … Read more
AT40 = 66.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.3% of stocks are trading above their respective 200DMAs (a near 4-month high) VIX = 14.9 Short-term Trading Call: neutral Commentary Oh the hazards of changing short-term trading calls in this churning market! Reluctantly, I switched my short-term trading … Read more
AT40 = 59.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.1% of stocks are trading above their respective 200DMAs VIX = 14.6 Short-term Trading Call: neutral Commentary Here we are again…again. In the last Above the 40 I observed “the stock market looks like it is breaking free, but … Read more
The S&P 500 (SPY) opened the trading day strong but spent the rest of the day fading to a much smaller gain. (The percentage of stocks trading above their respective 40-day moving averages (DMAs), T2108 (AT40), ended the day with an ominous loss that leaves it hanging below the 70% overbought threshold). This near day-long … Read more
Over the last two earnings reports, Intel (INTC) experienced historic 1-day gains. For January earnings that reported on Q4 results, INTC enjoyed a 10.7% gain the next day. For October earnings that reported on Q3 results, INTC enjoyed a 7.4% pop. These 1-day post-earnings gains were Intel’s 3rd and 7th highest 1-day post-earnings gains since … Read more
The seasonal trade on home builders for 2017/2018 showed its first sign of trouble when the iShares US Home Construction (ITB) fell sharply off its 10+ year high in January on the same day the S&P 500 (SPY) set a new (and its last) all-time high. Almost two weeks later, in early February, the under-performance … Read more