ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 88.1% of stocks are trading above their respective 40-day moving averages (DMAs) (17th overbought day)AT200 = 45.9% of stocks are trading above their respective 200DMAs (4-month high that effectively reverses the October, 2018 breakdown)VIX = 14.9Short-term Trading Call: neutral Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40DMAs, … Read more
AT40 = 83.8% of stocks are trading above their respective 40-day moving averages (DMAs) (6th overbought day)AT200 = 34.4% of stocks are trading above their respective 200DMAs (near 2-month high)VIX = 16.1Short-term Trading Call: neutral Commentary Starting in November or so, I developed an expectation for a January sell-off based in anticipation of earnings warnings … Read more
AT40 = 76.3% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 27.4% of stocks are trading above their respective 200DMAs (6-week high)VIX = 17.8Short-term Trading Call: cautiously bullish Commentary I noted in my last post that the signs of exhaustion in the major indices gave way to more … Read more
AT40 = 61.9% of stocks are trading above their respective 40-day moving averages (DMAs) (near 5-month high)AT200 = 23.2% of stocks are trading above their respective 200DMAs (1-month high)VIX = 19.0Short-term Trading Call: cautiously bullish Commentary The signs of exhaustion in the major indices have given way to more and more breakouts. Most importantly, AT40 … Read more
AT40 = 52.9% of stocks are trading above their respective 40-day moving averages (DMAs) (4-month high)AT200 = 22.4% of stocks are trading above their respective 200DMAs (4-week high)VIX = 18.2 (5-week low)Short-term Trading Call: cautiously bullish Commentary The major indices are still showing signs of exhaustion, but the sellers have yet to wrest back control … Read more
AT40 = 20.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 13 days in oversold territory)AT200 = 14.9% of stocks are trading above their respective 200DMAsVIX = 21.4Short-term Trading Call: bullish (with caveats all over again) Commentary All oversold periods must end – it is just a matter of how and … Read more
AT40 = 8.8% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #10)AT200 = 11.8% of stocks are trading above their respective 200DMAsVIX = 28.3Short-term Trading Call: bullish Commentary Trading is finally calming down a bit. From its high of the day to its low of the day, the S&P 500 … Read more
AT40 = 3.6% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #7, 10-year low!)AT200 = 8.0% of stocks are trading above their respective 200DMAs (9 1/2- year low!)VIX = 36.1 (1-day gain of 20.0%, 10 1/2- month high)Short-term Trading Call: bullish (oh so many caveats below!) Commentary Although it’s been … Read more
AT40 = 19.7% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day oversold)AT200 = 20.7% of stocks are trading above their respective 200DMAs (34-month low)VIX = 21.6Short-term Trading Call: cautiously bullish CommentaryThe stock market is oversold again as a bearish divergence to start the week came to its “logical conclusion.” AT40 (T2108), … Read more
AT40 = 31.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 25.5% of stocks are trading above their respective 200DMAs (just off a 32-month low)VIX = 21.2 (as high as 25.9)Short-term Trading Call: cautiously bullish CommentaryI have become convinced that 2019 is going to deliver another one of those poor trading … Read more