ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary The stock market is scraping by just above oversold territory. The churn of last week has created a mosaic different trading conditions. The bears are salivating at the all-time lows. The hopefuls like me are finding slivers of opportunity in the breakouts. The stock charts in this review cover some of everything. … Read more
The Follow Through Intro In this premiere edition of “The Follow Through”, I review the latest trading developments in stocks and indices covered in my last Above the 40 blog post: “No Deal for a Confirmation of the Market Breadth Breakout.” This format will focus on video as a quick way of sending out new … Read more
Stock Market Commentary I fully anticipated follow-through to the breakout of market breadth that started trading last week. Instead, trading on the major indices wavered going into a mini pullback on Thursday. As a result, Friday’s rally following the May jobs report failed to generate a confirmation of the market breadth breakout. With job creation … Read more
Stock Market Statistics AT40 = 76.6% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #6 overbought) AT200 = 71.8% of stocks are trading above their respective 200DMAs (near 3-year high and holding breakout above post financial crisis downtrend) VIX = 23.7 Short-term Trading Call: neutral Stock Market Commentary The stock market … Read more
Stock Market Statistics AT40 = 69.7% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 44.7% of stocks are trading above their respective 200DMAs VIX = 21.5Short-term Trading Call: cautiously bullish Stock Market Commentary A stock market that keeps its focus on positive catalysts finally gained enough … Read more
AT40 = 53.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.7% of stocks are trading above their respective 200DMAsVIX = 12.3Short-term Trading Call: neutral Stock Market Commentary The S&P 500 (SPY) pulled back slightly last week as the stock market’s underlying bearish divergence finally proved too heavy. Yet, the pullback … Read more
AT40 = 34.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.8% of stocks are trading above their respective 200DMAsVIX = 15.9Short-term Trading Call: neutral Stock Market Commentary Bearish resistance won the trading battle the previous week. Last week, sellers did their best to follow-through. It was a week of chop … 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 = 27.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 25.6% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 21.5 Short-term Trading Call: neutral Commentary Last week on November 20th, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving … Read more
AT40 = 34.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 31.5% of stocks are trading above their respective 200DMAs VIX = 18.1 Short-term Trading Call: neutral Commentary The countdown to “hedge fund d-day” is finally behind the market. via GIPHY So far, the results are encouraging while the market … Read more