ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 34.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 31.5% of stocks are trading above their respective 200DMAs VIX = 18.1 Short-term Trading Call: neutral Commentary The countdown to “hedge fund d-day” is finally behind the market. via GIPHY So far, the results are encouraging while the market … 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
After tumbling hard last week out of severely overbought conditions (T2108 is now at a comfortably neutral 55%), the S&P 500’s slide has slowed against what looks like a sludge of apathy. Volume has quickly dried up since last Wednesday’s 2.8% loss and now stochastics suggest the S&P 500 is oversold. I suspect the stock … Read more