ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 85.0% of stocks are trading above their respective 40-day moving averages (DMAs) (14th overbought day)AT200 = 41.5% of stocks are trading above their respective 200DMAs (4-month high)VIX = 15.7Short-term Trading Call: neutral Commentary {Note some charts were saved right before final price updates. All chart descriptions reflect the actual close} The 200-day moving … Read more
AT40 = 54.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.0% of stocks are trading above their respective 200DMAs VIX = 15.4 Short-term Trading Call: cautiously bearish Commentary Source: My Daughter A week ago, I finally changed my short-term trading call: I went from neutral to cautiously bearish. When … Read more
AT40 = 57.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 11.2 (was as high as 13.2) Short-term Trading Call: cautiously bullish Commentary It took three days for the volatility faders to show up again. Nerves in volatility trading … Read more
I spoke a day to soon on the bearish downtrend on XLI, the SPDRs Select Sector Industrial ETF. A healthy 3% one-day gain sent the ETF hurtling over resistance and into breakout territory. The next line of resistance is the June high or the “left shoulder” formed in late May/early June, depending on your perspective. … Read more