ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 12.5% of stocks are trading above their respective 40-day moving averages (DMAs) (day 1 of the second oversold period in 4 days) AT200 = 39.2% of stocks are trading above their respective 200DMAs (near 2-year low) VIX = 33.5 (range from 24.4 to 36.2) Short-term Trading Call: cautiously bullish (with oh so many … Read more
AT40 = 19.4% of stocks are trading above their respective 40-day moving averages (DMAs) – first oversold day after 19 percentage point plunge AT200 = 45.8% of stocks are trading above their respective 200DMAs VIX = 37.3 (115.6% increase! The largest since at least 1990) Short-term Trading Call: cautiously bullish – oh so many caveats … Read more
I wrote little about the Japanese yen (FXY) over the past year or more. It’s time to pay closer attention. As every forex trader knows by now, on Tuesday, January 9th the Bank of Japan (BoJ) slowed down its purchase of bonds with more than 10 years maturity. The yields of these bonds ticked up … Read more
AT40 = 37.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.7% of stocks are trading above their respective 200DMAs VIX = 11.7 (was as high as 14.3) Short-term Trading Call: neutral Commentary North Korea launched a ballistic missile over northern Japan, bot no fire and fury ensued. What happened … Read more
The latest CFTC data on the Commitments of Traders (CoT) showed some key trends continuing: new heights of bullishness on the Australian dollar (FXA) and the Canadian dollar (FXC), and on-going depths of bearishness for the Japanese yen (FXY). Speculators increased net longs on the Australian dollar for the 8th week in a row. Speculators … Read more