ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.1% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (see below) Stock Market Commentary A Sufficient Resolution I still harbor lingering skepticism, but the S&P 500’s recovery from the last hiccup and its subsequent slow … Read more
AT40 = 39.0% of stocks are trading above their respective 40-day moving averages (DMAs) (intraday low at 34.5%)AT200 = 45.3% of stocks are trading above their respective 200DMAsVIX = 20.6Short-term Trading Call: cautiously bearish (caveats below) Stock Market Commentary A Broad-Based Exit The selling today was so broad that even Invesco S&P 500 Low Volatility … Read more
AT40 = 68.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary One More Risk to Ignore An impeachment inquiry, an “admission”, and fresh promises from President Trump about getting a trade deal done with … Read more
AT40 = 49.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.0Short-term Trading Call: neutral Stock Market Commentary One Obvious Pattern to Another The S&P 500 (SPY) and the NASDAQ (COMPQX) transitioned from an obvious trading range to an obvious … Read more
AT40 = 68.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs (essentially matches the 2019 high and is a new 10-month high)VIX = 12.4Short-term Trading Call: neutral (caveats below) Stock Market Commentary After the report on June jobs, financial markets got … Read more
AT40 = 42.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.0% of stocks are trading above their respective 200DMAsVIX = 15.3Short-term Trading Call: neutral Stock Market Commentary After two bearish fades to start the week, the stock market dribbled along. Now the market waits for word on news bad … Read more
AT40 = 38.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.8% of stocks are trading above their respective 200DMAsVIX = 18.9Short-term Trading Call: cautiously bullish Stock Market Commentary From opening at the edge of oversold trading conditions to closing on near panic buying, last week was a wild week! … Read more
AT40 = 45.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.5% of stocks are trading above their respective 200DMAsVIX = 19.1Short-term Trading Call: neutral Stock Market Commentary President Trump carried through on his threat to increase tariffs on China while at the same time tantalizing markets with fresh hope over … Read more
AT40 = 61.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.9% of stocks are trading above their respective 200DMAsVIX = 12.7Short-term Trading Call: neutral (change from bearish) Stock Market Commentary The week ended with a U.S. GDP report for Q1 2019 that represents well the state of the stock market: … Read more
AT40 = 58.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.5% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: bearish Stock Market Commentary The S&P 500 (SPY) ended the previous week looking ready to lunge for its all-time high. Surprisingly, buyers decided to take a rest, … Read more