ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 47.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 9.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary I should no longer be amazed, but I am still amazed: the inability of sellers to generate follow-through in … Read more
AT40 = 42.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.3% of stocks are trading above their respective 200DMAs VIX = 12.0 (volatility index) – a 17.9% decrease Short-term Trading Call: neutral (bullish only after the latest Trump Turmoil reverses OR oversold conditions, potentially bearish upon a retest of … Read more
AT40 = 36.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.2% of stocks are trading above their respective 200DMAs VIX = 15.6 (volatility index) – a 46.4% increase!!! Short-term Trading Call: neutral (downgrade from cautiously bullish) Commentary Time to downgrade my cautious bullishness to neutral. The S&P 500 (SPY) … Read more
AT40 = 49.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.2% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary The week started with the volatility index, the VIX, plunging to a 14-year low. I held onto my put options … Read more
AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.2% of stocks are trading above their respective 200DMAs VIX = 16.0 (volatility index) Short-term Trading Call: cautiously bullish (notable caveats explained below) Commentary The 50-day moving average (DMA) is no longer golden. It figures that on a day … Read more