ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.1% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.2 Short-term Trading Call: neutral (“almost bullish”) Commentary Friday started out in bearish fashion. Apple (AAPL) took a broadside from yet another one of those … 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
AT40 = 55.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.4% of stocks are trading above their respective 200DMAs VIX = 16.9 Short-term Trading Call: cautiously bearish Commentary The stock market faded from bullish undertones and back into the resting position. Now we can just look back at what … Read more
AT40 = 45.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.0% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) gained 2.0% for the week. Yet the week felt like a loser given the way it ended. The … Read more
AT40 = 37.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 40.2% of stocks are trading above their respective 200DMAs VIX = 21.5 Short-term Trading Call: neutral Commentary via GIPHY The week ended badly with a 2.2% drop in the S&P 500 (SPY). The week began with the exact same … Read more