ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 37.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.7% of stocks are trading above their respective 200DMAs VIX = 11.7 (was as high as 14.3) Short-term Trading Call: neutral Commentary North Korea launched a ballistic missile over northern Japan, bot no fire and fury ensued. What happened … Read more
AT40 = 45.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.5% of stocks are trading above their respective 200DMAs VIX = 11.1 (volatility index) Short-term Trading Call: neutral (first day of downgrade) Commentary The stock market had a weak open but a strong close. On the heels of ratcheting … Read more
AT40 = 58.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.4% of stocks are trading above their respective 200DMAs VIX = 10.3 (volatility index) Short-term Trading Call: cautiously bullish Commentary When AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), fades from overbought status, … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.4% of stocks are trading above their respective 200DMAs VIX = 9.4 (volatility index) (2nd lowest VIX since at least 1990!) Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) is soaring high since its impressive breakout two … Read more
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 11.1 (flat) (volatility index) Short-term Trading Call: neutral Commentary Tech was back today sucking energy out of other parts of the stock market. The NASDAQ increased 0.4%, and … Read more