ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 17.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 10th day of oversold period following 4-day oversold period AT200 = 29.5% of stocks are trading above their respective 200DMAs VIX = 23.4 Short-term Trading Call: bullish Commentary The small bullish divergence to start the week received follow-through in the … Read more
AT40 = 19.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 1st day of oversold period following 4-day oversold period AT200 = 37.7% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.4 Short-term Trading Call: bullish Commentary The stock market was unable to follow-through from … Read more
AT40 = 66.3% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 63.6% of stocks are trading above their respective 200DMAs VIX = 11.9 Short-term Trading Call: bullish Commentary When traders closed up shop on Friday, I am guessing they assumed, as I did, … Read more
AT40 = 66.3% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 63.6% of stocks are trading above their respective 200DMAs VIX = 11.9 Short-term Trading Call: bullish Commentary The S&P 500 (SPY) made a resounding comeback from the previous day’s reversal. The move … Read more
AT40 = 41.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.7% of stocks are trading above their respective 200DMAs VIX = 13.1 (as high as 14.5) Short-term Trading Call: cautiously bullish Commentary The narrowing rally in the stock market has officially resolved into a sell-off. The downward slide is … Read more