ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 51.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 13.2 Short-term Trading Call: neutral Commentary The indicators barely changed from the last Above the 40 post, but the technical winds are likely changing yet again. A little … Read more
AT40 = 49.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.7% of stocks are trading above their respective 200DMAs VIX = 13.0 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) managed to gain on the week, but it was not easy. Each day of the week delivered new … Read more
AT40 = 54.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.0% of stocks are trading above their respective 200DMAs VIX = 15.4 Short-term Trading Call: cautiously bearish Commentary Source: My Daughter A week ago, I finally changed my short-term trading call: I went from neutral to cautiously bearish. When … Read more
AT40 = 38.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 42.4% of stocks are trading above their respective 200DMAs VIX = 20.0 Short-term Trading Call: neutral Commentary The bears did their best to spook the market, but they failed to break it down. The foundations felt wobbly for most … Read more
AT40 = 35.9% of stocks are trading above their respective 40-day moving averages (DMAs) (jumped from 25.6%) AT200 = 43.0% of stocks are trading above their respective 200DMAs (up from 2-year closing low at 37.5%) VIX = 21.0 Short-term Trading Call: neutral Commentary This is truly a market that is from another planet. In my … Read more
The shellacking of Facebook (FB) for over a week of scandal-ridden headlines has created that rare beast in the jungle of tech stocks: a “value” play. Facebook has a trailing P/E of 29.6 and a forward P/E of 17.9. Quarterly earnings growth is running at 19.6% year-over-year. According to briefing.com year-over-year revenue growth has run … Read more
AT40 = 42.9% of stocks are trading above their respective 40-day moving averages (DMAs) (traded as low as 37.6%) AT200 = 47.9% of stocks are trading above their respective 200DMAs VIX = 19.0 (traded as high as 21.9) Short-term Trading Call: neutral Commentary In my last Above the 40 post, I described how the stock … Read more
AT40 = 45.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.5% of stocks are trading above their respective 200DMAs VIX = 11.1 (volatility index) Short-term Trading Call: neutral (first day of downgrade) Commentary The stock market had a weak open but a strong close. On the heels of ratcheting … Read more
AT40 = 53.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.5% of stocks are trading above their respective 200DMAs VIX = 11.1 (volatility index) (11.7% gain) Short-term Trading Call: cautiously bullish Commentary Suddenly, tech stocks are in trouble all over again. On June 9, 2017, tech stocks suddenly swooned, … Read more
AT40 = 54.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.6% of stocks are trading above their respective 200DMAs VIX = 10.0 (volatility index) Short-term Trading Call: cautiously bullish Commentary Last week, the NASDAQ snatched the baton from the S&P 500 (SPY) and now looks poised to resume its … Read more