ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.4 Short-term Trading Call: neutral Commentary A month ago I pounded the table for Apple (AAPL). I was tempted to extend that sentiment to the … Read more
AT40 = 66.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.3% of stocks are trading above their respective 200DMAs (a near 4-month high) VIX = 14.9 Short-term Trading Call: neutral Commentary Oh the hazards of changing short-term trading calls in this churning market! Reluctantly, I switched my short-term trading … Read more
AT40 = 27.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 36.2% of stocks are trading above their respective 200DMAs (new 2-year closing and intraday lows) VIX = 23.6 Short-term Trading Call: neutral Commentary In my last Above the 40, I tried to highlight the positives even as the negatives … Read more
AT40 = 25.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.5% of stocks are trading above their respective 200DMAs (2-year closing low) VIX = 24.9 Short-term Trading Call: neutral Commentary On Friday, President Trump characterized the pre-Trump stock market as something “from another planet.” Surely he meant the last … Read more
AT40 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.9% of stocks are trading above their respective 200DMAs VIX = 14.6 (11.5% drop) Short-term Trading Call: bullish Commentary The (expected) plunge in the volatility index, the VIX, says it all…the stock market is ready to return to its … Read more