ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 24.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.9% of stocks are trading above their respective 200DMAsVIX = 18.9Short-term Trading Call: neutral Stock Market Commentary “The stock market might turn at lower levels.” Jim Cramer, CNBC’s Mad Money, June 3, 2019 This truism is a bit silly, … Read more
AT40 = 49.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary The stock market’s coordinated yet precarious dance around 50-day moving averages (DMAs) continued on Friday. The latest round of technical battles played out … Read more
AT40 = 52.3% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 42.6% of stocks are trading above their respective 200DMAsVIX = 13.7 Short-term Trading Call: bearish (caveats below!) Stock Market Commentary The previous Friday’s trading action provided delayed confirmation of my short-term bearish trading call. Last week delivered … Read more
AT40 = 45.4% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.5 (20.9% gain)Short-term Trading Call: bearish Stock Market Commentary Friday’s trading action provided delayed confirmation of my short-term bearish trading call. The week previous to the last, … Read more
AT40 = 61.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.0% of stocks are trading above their respective 200DMAsVIX = 12.9 (5-month low)Short-term Trading Call: bearish Stock Market Commentary The stock market’s scramble for support worked last week as buyers and bulls put the bears on notice. However, the rally … Read more