ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 39.0% of stocks are trading above their respective 40-day moving averages (DMAs) (intraday low at 34.5%)AT200 = 45.3% of stocks are trading above their respective 200DMAsVIX = 20.6Short-term Trading Call: cautiously bearish (caveats below) Stock Market Commentary A Broad-Based Exit The selling today was so broad that even Invesco S&P 500 Low Volatility … Read more
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more
AT40 = 37.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 18.0Short-term Trading Call: neutral (caveats below!) Stock Market Commentary The S&P 500 (SPY) ended the week almost where it started. In between the bookends, the market gyrated wildly … Read more
AT40 = 41.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.8% of stocks are trading above their respective 200DMAs VIX = 17.6 (high of 20.1)Short-term Trading Call: neutral Stock Market Commentary A Pause of Recognition I am writing about financial markets at a time when there is renewed pain … Read more
Two weeks ago I threw up a chart of Realogy (RLGY) just to have something bearish to show among a group of bullish charts. I wondered why this company of real estate agents and brokers was in a persistent decline while housing-related stocks were generally holding up well. On July 23, Realogy rolled out what … Read more