ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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 = 12.5% of stocks are trading above their respective 40-day moving averages (DMAs) (day 1 of the second oversold period in 4 days) AT200 = 39.2% of stocks are trading above their respective 200DMAs (near 2-year low) VIX = 33.5 (range from 24.4 to 36.2) Short-term Trading Call: cautiously bullish (with oh so many … Read more
AT40 = 69.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 9.9 Short-term Trading Call: cautiously bullish Commentary Last week, I complained about the stock market’s “rubber band” getting stretched. I claimed that AT40 (T2108), the percentage of stocks … Read more
AT40 = 70.1% of stocks are trading above their respective 40-day moving averages (DMAs) – first overbought day AT200 = 58.7% of stocks are trading above their respective 200DMAs VIX = 9.5 Short-term Trading Call: cautiously bullish (one more higher close away from bullish) Commentary It took 8 months for the stock market to hit … Read more
AT40 = 63.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 9.6 Short-term Trading Call: cautiously bullish Commentary The stock market stubbornly held onto its bullish positioning despite the tumble of one of its biggest stalwarts: Apple (AAPL). AAPL … Read more