ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 67.8% of stocks are trading above their respective 40-day moving averages (DMAs) (high of 75.1%) AT200 = 63.6% of stocks are trading above their respective 200DMAs (near 3-year high and breakout above post financial crisis downtrend) VIX = 25.8 (as low as 22.4) Short-term Trading Call: neutral Stock Market Commentary … Read more
The CEO Stock Purchases Camping World Holdings (CWH) is America’s “largest retailer of RVs, RV accessories and RV-related services” according to the company’s about page. CEO Marcus Lemonis is on a major buying campaign to load up HIS RV with company stock. These CEO stock purchases are large and frequent. As a result, I want … Read more
Stock Market Statistics AT40 = 71.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 23.0Short-term Trading Call: cautiously bearish Stock Market Commentary Last week was not a good time to be sitting on the sidelines … Read more
Stock Market Statistics AT40 = 69.7% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 44.7% of stocks are trading above their respective 200DMAs VIX = 21.5Short-term Trading Call: cautiously bullish Stock Market Commentary A stock market that keeps its focus on positive catalysts finally gained enough … Read more
Stock Market Statistics AT40 = 76.1% of stocks are trading above their respective 40-day moving averages (DMAs) (6th day overbought)AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 22.1Short-term Trading Call: cautiously bullish Stock Market Commentary While the politicians in Washington D.C. play a game of chicken with the economy, the … Read more