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 = 68.6% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 2 days overbought)AT200 = 12.2% of stocks are trading above their respective 200DMAsVIX = 37.2Short-term Trading Call: neutral Stock Market Commentary The Federal Reserve’s last statement on monetary policy may go down as the short-term peak in … Read more
AT40 = 30.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.7% of stocks are trading above their respective 200DMAsVIX = 43.8Short-term Trading Call: cautiously bullish Stock Market Commentary The culture of collapse that has accompanied the coronavirus pandemic reached new lows. The on-going collapse in oil prices reached new … Read more
AT40 = 2.0% of stocks are trading above their respective 40-day moving averages (DMAs) (18th oversold day)AT200 = 2.6% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 66.0Short-term Trading Call: bullish Stock Market Commentary The bear market grinds on. At the time of writing, U.S. stock market futures … Read more
AT40 = 33.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 43.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 18.5Short-term Trading Call: cautiously bullish (from neutral) Stock Market Commentary The extreme of August held as support…just barely. Sneaky Resilience The S&P 500 (SPY) gapped up 1.4% … Read more
AT40 = 25.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 39.3% of stocks are trading above their respective 200DMAsVIX = 17.9Short-term Trading Call: neutral Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40DMAs, broke through 30% and closed at 25.2%. My favorite technical indicator is … Read more