ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 61.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.9% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (change from bearish) Stock Market Commentary The week ended with a U.S. GDP report for Q1 2019 that represents well the state of the stock market: … Read more
AT40 = 65.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.0% of stocks are trading above their respective 200DMAsVIX = 12.0Short-term Trading Call: bearish (caveats below!) Stock Market Commentary A security guard slipped and clipped the heels of Tiger Woods at the Masters this weekend. The tripping of Woods was … 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
AT40 = 54.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.1Short-term Trading Call: bearish Stock Market Commentary The above tweet begins the dilemmas that lay ahead for short-term trading after I first flipped bearish ahead of Thursday’s selling. First, I … Read more
AT40 = 78.7% of stocks are trading above their respective 40-day moving averages (DMAs) (11th overbought day)AT200 = 35.3% of stocks are trading above their respective 200DMAsVIX = 15.7Short-term Trading Call: neutral Commentary In my last Above the 40 post, I noted the “convenience” test of 200DMA resistance for major indices. The S&P 500 and … Read more