ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
AT40 = 29.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.0% of stocks are trading above their respective 200DMAs VIX = 21.3 Short-term Trading Call: neutral Commentary The technical damage in the stock market continues to spread as the countdown to “hedge fund d-day” nears an end. AT40 (T2108), … Read more