ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary: Gold Shined The Stock Market Summary Gold shined as money rotated away from tech and retail, market breadth cooled, and energy, healthcare, crypto, and precious metals took the spotlight. The U.S. Treasury’s intervention in the government bond market helped weakened the U.S. dollar and ignited gold. The specter of the government … Read more
Stock Market Statistics AT40 = 26.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.5% of stocks are trading above their respective 200DMAs (8-month high) VIX = 38.0 Short-term Trading Call: cautiously bullish Stock Market Commentary A little over a week ago, the stock market looked poised to launch higher … Read more
The stock market crash in March was stomach-churning and generated a lot of panic. At its lowest point, the S&P 500 (SPY) was down 33.9% from its all-time high set just the previous month. The rebound from that stock market sell-off has been heroic with a 32.1% gain taking the index within another 14.6% rally … Read more