ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary One hundred and fifty minutes. The bearish signal that hit the stock market after the last overbought period ended essentially lasted just 150 minutes. Buyers stepped into the market on Monday after lunchtime on the East Coast and essentially barely took a pause until the last 2 hours of trading today (Wednesday, … Read more
Stock Market Commentary The extended overbought period still looks tenuous. For the second trading day in a row, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), broke down below the overbought threshold of 70% before closing at 73.0%. The major indices do not reveal these weakening overbought conditions. The … Read more
Stock Market Statistics AT40 = 79.6% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #10 overbought) AT200 = 77.7% of stocks are trading above their respective 200DMAs (7 1/2 year high) VIX = 20.8 Short-term Trading Call: neutral Stock Market Commentary A week ago, the overbought stock market stretched for a … Read more
Stock Market Statistics AT40 = 74.4% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought, 3 of last 4 days ooverbought) AT200 = 68.1%% of stocks are trading above their respective 200DMAs (near 3-year high and holding breakout above post financial crisis downtrend) VIX = 23.1 Short-term Trading Call: neutral … Read more
Stock Market Statistics AT40 = 52.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.3% of stocks are trading above their respective 200DMAs (8-month high) VIX = 24.9 Short-term Trading Call: neutral Stock Market Commentary Based on AP results, Joe Biden and Kamala Harris declared victory in the U.S. Presidential … Read more