ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 56.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.5% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary The Federal Reserve gave the permission to the stock market that I awaited…well, sort of. On Wednesday, June 14, … Read more
This is a quick note for readers. I am on hiatus through June 15th. Over this time, the Fed will issue its next proclamation on monetary policy on June 13th. The tone should be a key tell as to whether the current dip in tech should be bought aggressively and now or whether it should … Read more
AT40 = 58.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.5% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) (intraday high of 12.11) Short-term Trading Call: cautiously bullish Commentary It seemed poetic. The Golden State Warriors, hailing from the tech heavy San Francisco Bay … Read more
AT40 = 52.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.4% of stocks are trading above their respective 200DMAs VIX = 10.2 (volatility index) Short-term Trading Call: cautiously bullish Commentary One out of three. The last event of Thursday’s Trifecta had the only notable impact on financial markets. With … Read more
AT40 = 47.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.4% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary At the time of typing, financial markets are carefully stepping into “Trifecta Thursday” – or maybe not so carefully … Read more