ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 71.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 23.0Short-term Trading Call: cautiously bearish Stock Market Commentary Last week was not a good time to be sitting on the sidelines … Read more
Stock Market Statistics AT40 = 51.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 35.6% of stocks are trading above their respective 200DMAs VIX = 24.5Short-term Trading Call: neutral Stock Market Commentary Major League Baseball (MLB) may be forced to wind back down, but stocks look like they are winding … Read more
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more
Deutsche Bank (DB) In early October, I pointed out the extreme in bearish sentiment on Deutsche Bank (DB) and the related overcrowding in bearish bets. After DB surged 14% off its latest all-time low, I decided to hold onto my call options which were a play on a bottom. So far, so good. DB printed … Read more
November 16, 2015 was a strange trading day as U.S. stock markets rallied in the wake of the horrific terrorist attacks in Paris. There were really big moves in even some big cap stocks. The S&P 500 (SPY) reversed all of its losses on Friday and then some. This is the strong and supportive context … Read more