ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more
AT40 = 67.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 13.7Short-term Trading Call: neutral Stock Market Commentary Overbought Overrules Times like these remind me of the significance of the overbought line. AT40 (T2108), the percentage of stocks … Read more
AT40 = 62.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.2% of stocks are trading above their respective 200DMAs (finished reversing all of August’s decline)VIX = 15.2Short-term Trading Call: neutral Stock Market Commentary Role reversal While the S&P 500 (SPY) and the NASDAQ (COMPQX) continue to fail at confirming … Read more
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.0Short-term Trading Call: neutral Stock Market Commentary The Trigger Finger On Tuesday (August 27), I saw enough hints of a flip from a bullish to bearish divergence … Read more
AT40 = 28.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.9% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.9Short-term Trading Call: cautiously bullish (see caveats below) Stock Market Commentary Presidential Decrees “Q Six hundred and twenty-three points — that’s what the Dow was down today … Read more
AT40 = 33.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 43.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 18.5Short-term Trading Call: cautiously bullish (from neutral) Stock Market Commentary The extreme of August held as support…just barely. Sneaky Resilience The S&P 500 (SPY) gapped up 1.4% … Read more
AT40 = 37.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 18.0Short-term Trading Call: neutral (caveats below!) Stock Market Commentary The S&P 500 (SPY) ended the week almost where it started. In between the bookends, the market gyrated wildly … Read more
AT40 = 30.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.9% of stocks are trading above their respective 200DMAs VIX = 20.2 (the day before it closed at 24.6 and a 7-month high)Short-term Trading Call: neutral (caveats below!) Stock Market Commentary Almost Oversold I underestimated the market’s readiness to … Read more
AT40 = 41.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.8% of stocks are trading above their respective 200DMAs VIX = 17.6 (high of 20.1)Short-term Trading Call: neutral Stock Market Commentary A Pause of Recognition I am writing about financial markets at a time when there is renewed pain … Read more
AT40 = 58.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = ~52.4% of stocks are trading above their respective 200DMAs VIX = 14.5Short-term Trading Call: neutral Stock Market Commentary A week ago, the S&P 500 (SPY) made a new all-time, and I was expecting a trip into overbought conditions. AT40 … Read more