ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 61.9% of stocks are trading above their respective 40-day moving averages (DMAs) (near 5-month high)AT200 = 23.2% of stocks are trading above their respective 200DMAs (1-month high)VIX = 19.0Short-term Trading Call: cautiously bullish Commentary The signs of exhaustion in the major indices have given way to more and more breakouts. Most importantly, AT40 … Read more
AT40 = 58.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.3% of stocks are trading above their respective 200DMAs VIX = 12.2 Short-term Trading Call: neutral Commentary On Tuesday, July 10th, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), rose as high as … Read more
AT40 = 14.6% of stocks are trading above their respective 40-day moving averages (DMAs) (day 2 oversold) AT200 = 31.4% of stocks are trading above their respective 200DMAs (near 2-year low) VIX = 29.1 (range from 27.7 to 41.1) Short-term Trading Call: bullish Commentary Friday’s classic battle between buyers and sellers delivered a (short-term?) market … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.4% of stocks are trading above their respective 200DMAs VIX = 9.4 (volatility index) (2nd lowest VIX since at least 1990!) Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) is soaring high since its impressive breakout two … Read more