ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
As I scrambled to write my update on a “suddenly oversold” market stock market, I listened to Jim Cramer’s Mad Money. Cramer is naturally entertaining, and I particularly like hearing his take at key market moments like these. On Tuesday, February 25th, Cramer was firmly in the bearish camp on his Mad Money show. He … Read more
The Price Action Bitcoin (BTC/USD) is on more media radars after breaking out above $10,000 last week. Last month, Bitcoin broke out from a downtrend in place since the last big run-up peaked in June, 2019. The $10K breakout ran into a wall from resistance formed by the high when Bitcoin suddenly spiked straight up … Read more
AT40 = 65.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.8% of stocks are trading above their respective 200DMAs (just under the high for 2019 of 60.2%)VIX = 13.4Short-term Trading Call: neutral Stock Market Commentary A week after my last Above the 40 post, the volatility index (VIX) is my … Read more
The Breakdown Big events can create distinct trading goalposts. Elon Musk’s big reveal for the Cybertruck created the next big goalpost for Tesla (TSLA). The event delivered a bonus with the amount of derision and scorn heaped upon the stark and sharp ugliness of the truck and the big double fail on the test of … Read more
The ETF Performance The 2019 seasonal trade for home builders was a dramatic one that departed from the typical script. The iShares US Home Construction (ITB) suffered greatly in the late 2018 sell-off. The housing market softened as one of the most notable features of the sell-off in the stock market. Several home builders made … Read more