ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 58.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.5% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: bearish Stock Market Commentary The S&P 500 (SPY) ended the previous week looking ready to lunge for its all-time high. Surprisingly, buyers decided to take a rest, … Read more
AT40 = 53.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 45.9% of stocks are trading above their respective 200DMAs VIX = 14.8 Short-term Trading Call: cautiously bearish Commentary I was right to be bearish last week…until the very last day when all at once the market reversed almost all … Read more
AT40 = 25.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.5% of stocks are trading above their respective 200DMAs (2-year closing low) VIX = 24.9 Short-term Trading Call: neutral Commentary On Friday, President Trump characterized the pre-Trump stock market as something “from another planet.” Surely he meant the last … Read more
AT40 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.9% of stocks are trading above their respective 200DMAs VIX = 14.6 (11.5% drop) Short-term Trading Call: bullish Commentary The (expected) plunge in the volatility index, the VIX, says it all…the stock market is ready to return to its … Read more
AT40 = 32.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.5% of stocks are trading above their respective 200DMAs VIX = 19.5 Short-term Trading Call: cautiously bullish (downgrade from bullish – see below for more details) Commentary The trading contours in the aftermath of an oversold episode can move … Read more