ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 61.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.0% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary Going into the first round of the French Presidential election, I figured the best case scenario was the absence of … Read more
In my last posts on the euro (FXE), the Canadian dollar (FXC), and the British pound (FXB), I noted significant trading moves by speculators in foreign exchange as reported by the CFTC’s Commitments of Traders (CoT). The latest CFTC CoT report shows more of the same for these currencies but the backdrops may be shifting … Read more
AT40 = 49.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 12.4 (volatility index) Short-term Trading Call: cautiously bullish (see caveats below) Commentary On Thursday, March 30 (2017), the S&P 500 (SPY) closed above its downtrending 20-day moving average … Read more
AT40 = 37.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.8% of stocks are trading above their respective 200DMAs VIX = 13.0 (volatility index) Short-term Trading Call: bearish Commentary In my last “Above the 40“, I noted how the stock market took a pause in deference to the growing … Read more
Perhaps the shift was not large enough. Perhaps it was the magnetism of the 50-day moving average (DMA). After the Federal Reserve released the minutes from its last meeting on monetary policy, the U.S. dollar index (DXY0) promptly weakened. The dollar closed the day marginally lower after trading for a small gain in the morning. … Read more