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 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs) 3+ month highAT200 = 14.8% of stocks are trading above their respective 200DMAsVIX = 33.6Short-term Trading Call: neutral Stock Market Commentary The stakes are ever higher. Right alongside confirmations of major breakouts from the major stock indices, AT40 … Read more
AT40 = 21.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2nd day outside oversold conditions)AT200 = 10.1% of stocks are trading above their respective 200DMAsVIX = 40.8Short-term Trading Call: cautiously bullish Stock Market Commentary “Swift and sweeping fiscal and monetary policy responses from U.S. officials will ultimately support stock prices from … Read more
AT40 = 7.9% of stocks are trading above their respective 40-day moving averages (DMAs) (28th oversold day)AT200 = 6.7% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 45.2Short-term Trading Call: cautiously bullish Stock Market Commentary Today’s dose of hope comes in the form of definitive breakouts. No sooner … Read more
AT40 = 9.2% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2)AT200 = 26.8% of stocks are trading above their respective 200DMAs (near 13-month low)VIX = 39.2 (up 42.1%)Short-term Trading Call: bullish Stock Market Commentary Oversold The stock market is only into its second oversold day, but the technical extreme … 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
A Breakout and Reversal The price of cocoa has had a wild two months. Last month’s breakout quickly turned into a fade and an outright sell-off in December. The result for the iPath Bloomberg Cocoa SubTR ETN (NIB) is a complete reversal of the breakout, a return to the bottom of the previous consolidation range, … Read more
AT40 = 60.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.2% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: neutral Stock Market Commentary The stock market’s slow and steady march toward Christmas continued last week. The S&P 500 (SPY) drifted slightly higher during the week until … Read more
AT40 = 49.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.0Short-term Trading Call: neutral Stock Market Commentary One Obvious Pattern to Another The S&P 500 (SPY) and the NASDAQ (COMPQX) transitioned from an obvious trading range to an obvious … Read more
The grind played out for about 5 months – including a sell-off in June ahead of earnings. Now, KB Home (KBH) finally managed to break out to a new high for the year. KB Home (KBH) finally joined the growing list of home builders breaking to prices last seen last year and earlier. KBH is … Read more
The U.S. Federal Reserve is set to cut interest rates by 25 basis points in the coming week (July 31). The odds for at least another 50 basis points by next January are around 61.9% according to the CME FedWatch Tool. Yet, the U.S. dollar index (DXY) has regained new life. After breaking critical support … Read more