ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary The week ended with a split personality. While the S&P 500 meandered and the NASDAQ flattened, small caps rebounded convincingly. Financials also forged ahead. As a result, the recent end to overbought conditions may only signal (mild) bearish conditions for a portion of the stock market. The Stock Market Indices The S&P … Read more
Stock Market Statistics AT40 = 74.1% of stocks are trading above their respective 40-day moving averages (DMAs) (first overbought day, 17 of last 19 trading days overbought)AT200 = 22.6% of stocks are trading above their respective 200DMAs VIX = 36.1 (down 11.5%)Short-term Trading Call: cautiously bullish Stock Market Commentary In the last Above the 40 … Read more
AT40 = 21.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2nd day outside oversold conditions)AT200 = 10.1% of stocks are trading above their respective 200DMAsVIX = 40.8Short-term Trading Call: cautiously bullish Stock Market Commentary “Swift and sweeping fiscal and monetary policy responses from U.S. officials will ultimately support stock prices from … Read more
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.0% of stocks are trading above their respective 200DMAsVIX = 13.6Short-term Trading Call: neutral Stock Market Commentary Looking for buying opportunities paid off. A week that started with selling into trade troubles ended with the celebration of an exceptionally strong … Read more
AT40 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 50.2% of stocks are trading above their respective 200DMAsVIX = 16.0 (up 7.0% and went as high as 18.0)Short-term Trading Call: neutral Stock Market Commentary It was fun for the short time it lasted. The speculative turn in the stock … Read more