ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 63.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.3% of stocks are trading above their respective 200DMAs VIX = 9.6 (volatility index) Short-term Trading Call: cautiously bullish Commentary The stock market had a relatively bland day that matched a relatively bland statement on monetary policy from the … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.4% of stocks are trading above their respective 200DMAs VIX = 9.4 (volatility index) (2nd lowest VIX since at least 1990!) Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) is soaring high since its impressive breakout two … Read more
AT40 = 61.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.8% of stocks are trading above their respective 200DMAs VIX = 9.9 (volatility index) Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) closed effectively flatline with a point and a half gain. The NASDAQ returned to the … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.3% of stocks are trading above their respective 200DMAs VIX = 9.9 (volatility index) Short-term Trading Call: neutral Commentary The stock market continued its healing process from its last bout of mild indigestion. Most impressive is the S&P 500 … Read more
AT40 = 54.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.6% of stocks are trading above their respective 200DMAs VIX = 10.0 (volatility index) Short-term Trading Call: cautiously bullish Commentary Last week, the NASDAQ snatched the baton from the S&P 500 (SPY) and now looks poised to resume its … Read more
Stock Market Commentary Fades were on display, especially on Thursday, as the stock market showed signs of exhaustion. Bad news in and for the semiconductor industry seemed to motivate sellers. For example, earnings for Microsoft (MSFT) and Meta Platforms (META) seemed to release some steam on hyped expectations for the AI chips both companies will … Read more
Stock Market Commentary Can a bullish divergence create a bottom for stocks? The stock market ended last week with an emphatic “YES!” A wild week got treacherous after Thursday’s META pricequake. Investors rushed for the exits after Meta Platforms (META) reported earnings. The sympathy selling went far and wide. Fortunately, earnings from Alphabet (GOOG) and … Read more
Stock Market Commentary The stock market delivered a gift on Friday as I scrambled to de-risk following the Bank of Japan’s drama on monetary policy. I braced for selling into bearish pressure and instead was pleasantly greeted by a broad push higher for stocks from the open. After the dust settled on the day, I … Read more
Stock Market Commentary Russia’s invasion of Ukraine has created massive human misery and a historic press of global economic sanctions. With war comes scarcity and the allocation of resources to destroying the resources of others. Financial markets are scrambling to adjust to the new global wartime economy. These charts are just a snapshot of some … Read more
Turnkey Two years ago I wrote a somewhat snarky article about a partnership between Realogy Holdings (RLGY) and Amazon.com (AMZN) titled “Realogy and Amazon.com Partner Up But Does It Matter?” Real estate services company Realogy (RLGY) worked out a deal to increase order flow by hooking into Amazon.com (AMZN) smart products for the home. They … Read more