ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 68.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.1% of stocks are trading above their respective 200DMAs (essentially matches the 2019 high and is a new 10-month high)VIX = 13.3Short-term Trading Call: neutral (caveats below) Stock Market Commentary Good news is bad news….oops, nevermind The search for … Read more
AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.4% of stocks are trading above their respective 200DMAsVIX = 16.4Short-term Trading Call: neutral Stock Market Commentary Over the weekend, I wrote about a “constructive stock market” as a reference to the stock market’s consistently positive responses to U.S. vs … Read more
AT40 = 49.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary The stock market’s coordinated yet precarious dance around 50-day moving averages (DMAs) continued on Friday. The latest round of technical battles played out … Read more
AT40 = 58.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.4% of stocks are trading above their respective 200DMAsVIX = 14.3Short-term Trading Call: bearish Stock Market Commentary Ever since the last overbought period ended, the stock market has experienced just two clear bearish signals. Each time, the bearishness was well-telegraphed … Read more
AT40 = 61.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.0% of stocks are trading above their respective 200DMAsVIX = 12.9 (5-month low)Short-term Trading Call: bearish Stock Market Commentary The stock market’s scramble for support worked last week as buyers and bulls put the bears on notice. However, the rally … Read more