ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 31.0% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 28.1%) AT200 = 46.7% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary So much for a small bounce before continuing a decline toward oversold conditions! … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral Commentary The stock market is not quite out the (short-term) woods yet. Last Wednesday I pointed out why the latest bearish divergence forced … Read more
AT40 = 55.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 12.6 Short-term Trading Call: neutral Commentary The recovery from the February swoon has been full of nearly predictable bounces: whether it was oversold trading conditions or support at … Read more
AT40 = 52.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 12.2 Short-term Trading Call: neutral Commentary The technical winds may be on the upswing. Last weekend, I pointed out how bearish divergence preceded and warned of the sell-off … Read more
AT40 = 49.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.7% of stocks are trading above their respective 200DMAs VIX = 13.0 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) managed to gain on the week, but it was not easy. Each day of the week delivered new … Read more