ONE-TWENTY TWO: Trading Financial Markets
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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
I gave up on Teucrium Corn Fund (CORN) a long time ago. I grew weary of holding against a consistent downtrend waiting for bullish catalysts to materialize. Suddenly, for the first time in 14 months, CORN generated a breakout above its 200-day moving average (DMA). As a result, it is time to buy CORN. In … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.8% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.0 Short-term Trading Call: bearish Commentary Once again, a tried and true bearish signal delivered. However this success came with a tremendous caveat: a simultaneously … Read more
AT40 = 27.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 36.2% of stocks are trading above their respective 200DMAs (new 2-year closing and intraday lows) VIX = 23.6 Short-term Trading Call: neutral Commentary In my last Above the 40, I tried to highlight the positives even as the negatives … Read more
Just a week and a half ago I was pointing to a promising breakout for Teucrium Corn ETF (CORN). That move turned out to be the top of that rally. Source: FreeStockCharts.com I am still holding my core position in CORN, but I am now looking to buy this dip with a short-term trading position. … 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
(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2017. Click here to read the entire piece.) November dashed my expectation for a range-bound Teucrium Corn ETF (CORN). The November World Agricultural Supply and Demand Estimates (WASDE) threw a curve ball of sorts by further underlining surplus conditions … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2017. Click here to read the entire piece.) On June 12, 2016, I effectively threw in the towel on the Teucrium Corn ETF (CORN) and switched to a shorter-term trading strategy. Less than a month later, I concluded that … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more