ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I finally have to release my long-standing bullishness on the U.S. dollar index (DXY0) even as the dollar recently managed to bounce off its critical, uptrending 200-day moving average (DMA). Source: FreeStockCharts.com Looking at this chart, I get the feeling of something that is biding its time for a definitive catalyst that pushes it down … Read more
On April 17, 2017, speculators turned bullish on the Mexican peso for the first time in 2 years. That point 2 years ago was a brief 1-week relief from on-going bearishness against the peso. The latest data on net non-commercial positions (speculators) show that the nascent bullishness in the peso carried over into a second … Read more
AT40 = 68.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.4% of stocks are trading above their respective 200DMAs VIX = 10.9 (volatility index) Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), pushed into overbought territory today with … Read more
AT40 = 46.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.0% of stocks are trading above their respective 200DMAs VIX = 12.9 (volatility index) Short-term Trading Call: cautiously bullish (notable caveats explained below) Commentary The timetable for a May end to this period of extremely low volatility looks like … Read more
AT40 = 35.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.6% of stocks are trading above their respective 200DMAs VIX = 12.8 (volatility index) Short-term Trading Call: bearish Commentary The sellers did their best to create follow-through selling to the previous day’s bearish breakdown. As has been the case … Read more