ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 58.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.5% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) (intraday high of 12.11) Short-term Trading Call: cautiously bullish Commentary It seemed poetic. The Golden State Warriors, hailing from the tech heavy San Francisco Bay … Read more
AT40 = 36.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.2% of stocks are trading above their respective 200DMAs VIX = 15.6 (volatility index) – a 46.4% increase!!! Short-term Trading Call: neutral (downgrade from cautiously bullish) Commentary Time to downgrade my cautious bullishness to neutral. The S&P 500 (SPY) … Read more
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.0% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: bullish Commentary The Federal Reserve effectively reaffirmed its commitment to two more rate hikes this year. The S&P 500 (SPY) yawned, but … Read more
AT40 = 47.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.1% of stocks are trading above their respective 200DMAs VIX = 14.9 (volatility index) Short-term Trading Call: cautiously bullish) Commentary The S&P 500 (SPY) ended last week on a sour note. The index hit its first 42 trading day … Read more
AT40 = 54.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 64.8% of stocks are trading above their respective 200DMAs VIX = 15.1 (volatility index) Short-term Trading Call: cautiously bullish (notable caveats explained below) Commentary The stock market has become incrementally more dangerous, yet buyers and bulls continue to succeed … Read more