ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary The Stock Market Summary The stock market finds itself in a place I did not fully anticipate, even as recently as my last market check-in. Market breadth is rebounding as I suspected it might, and the recovery increasingly looks like a bottoming process. Yet the recovery is leaving behind the once-dominant … 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 = 76.4% of stocks are trading above their respective 40-day moving averages (DMAs) (1st overbought day)AT200 = 28.7% of stocks are trading above their respective 200DMAs (near 2-month high)VIX = 17.4Short-term Trading Call: neutral Commentary It was just a week ago when the stock market surged to overbought levels in a bullish move. AT40 … Read more
AT40 = 16.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 3rd day of oversold period following 4-day oversold period AT200 = 33.6% of stocks are trading above their respective 200DMAs VIX = 19.9 Short-term Trading Call: bullish Commentary Friday was a day with a head-spinning mix of reassuring and ominous … Read more
AT40 = 19.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 1st day of oversold period following 4-day oversold period AT200 = 37.7% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.4 Short-term Trading Call: bullish Commentary The stock market was unable to follow-through from … Read more