ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.9% of stocks are trading above their respective 200DMAs VIX = 18.8Short-term Trading Call: cautiously bearish Stock Market Commentary Last week, I switched from neutral for the first time in, I believe, months. I downgraded to “cautiously bearish” because … Read more
AT40 = 71.2% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought day #1) AT200 = 63.8% of stocks are trading above their respective 200DMAs (11-month high) VIX = 12.3Short-term Trading Call: neutral Stock Market Commentary Whispers of bearish divergences are finally over. I did not think overbought conditions would happen anytime … Read more
I have been waiting since September, 2018 for the next opportunity to buy back into Nigeria through the Global X Nigeria Index ETF (NGE). The moment for me to buy is finally here. NGE has printed all the encouraging signs of a tradeable bottom: A double bottom: August to October, 2019 at the all-time lows. … Read more
A turn-around in a beaten down stock needs to start somewhere. In mid-September, I painfully put Jumia (JMIA) in the bearish column. The stock lost another 52% in just two months before finally bottoming. JMIA ended 2019 with a higher low and a higher high as part of a confirmed breakout above resistance at its … Read more
AT40 = 67.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 13.7Short-term Trading Call: neutral Stock Market Commentary Overbought Overrules Times like these remind me of the significance of the overbought line. AT40 (T2108), the percentage of stocks … Read more