ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 49.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.1% of stocks are trading above their respective 200DMAs VIX = 15.8 Short-term Trading Call: bullish Commentary Another proclamation on monetary policy from the Federal Reserve is just 3 trading days away. Hanging in the balance is the S&P … Read more
AT40 = 48.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.9% of stocks are trading above their respective 200DMAs VIX = 14.6 (11.5% drop) Short-term Trading Call: bullish Commentary The (expected) plunge in the volatility index, the VIX, says it all…the stock market is ready to return to its … Read more
AT40 = 25.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 43.9% of stocks are trading above their respective 200DMAs VIX = 19.9% Short-term Trading Call: neutral (caveats below!) Commentary As I feared was likely, the S&P 500 (SPY) wasted no time in breaking its 50-day moving average (DMA) support. … Read more
AT40 = 31.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.0% of stocks are trading above their respective 200DMAs VIX = 18.6 (17.7% gain) Short-term Trading Call: bullish (caveats below!) Commentary During the thick of the sell-off earlier this month, I stated with tongue-in-cheek that Federal Reserve Chair Jerome … Read more
AT40 = 36.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.4% of stocks are trading above their respective 200DMAs VIX = 16.5 Short-term Trading Call: neutral (awaiting confirmation of bullish breakout) Commentary Something woke the bulls and buyers back up enough to get the steamroller warmed up again. The … Read more