ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 28.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.1% of stocks are trading above their respective 200DMAs VIX = 20.6 Short-term Trading Call: cautiously bullish Commentary In the last Above the 40, I noted some warning signs developing on the S&P 500 (SPY). The trading week started … Read more
AT40 = 24.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 47.4% of stocks are trading above their respective 200DMAs VIX = 27.7 (range from 21.2 to 31.6) Short-term Trading Call: neutral Commentary Buyers failed their first post-oversold test. The S&P 500 (SPY) rallied just enough to peak over resistance … Read more
AT40 = 59.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.1% of stocks are trading above their respective 200DMAs VIX = 10.7 Short-term Trading Call: cautiously bullish Commentary “Time is ticking away for the bears and sellers as the period between Thanksgiving and Christmas is typically a very mild, … Read more
AT40 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.6% of stocks are trading above their respective 200DMAs VIX = 11.4 Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) failed to follow-through on Thursday’s snapback rally, but a bullish divergence kept the short-term prospects looking good. … Read more
AT40 = 57.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 11.2 (was as high as 13.2) Short-term Trading Call: cautiously bullish Commentary It took three days for the volatility faders to show up again. Nerves in volatility trading … Read more