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 looked ready to follow through on leaving its troubles behind. The S&P 500 even made a new all-time high. Everything seemed to fall apart on Friday. The final release of consumer expectations as measured by the University Michigan confirmed earlier preliminary numbers: inflation expectations soared and consumer sentiment tanked. … Read more
Stock Market Statistics AT40 = 79.6% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #10 overbought) AT200 = 77.7% of stocks are trading above their respective 200DMAs (7 1/2 year high) VIX = 20.8 Short-term Trading Call: neutral Stock Market Commentary A week ago, the overbought stock market stretched for a … Read more
Stock Market Statistics AT40 = 79.6% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #10 overbought) AT200 = 76.0% of stocks are trading above their respective 200DMAs (near 3-year high and holding breakout above post financial crisis downtrend) VIX = 20.8 Short-term Trading Call: neutral Stock Market Commentary Instead of Monday, … Read more
Stock Market Statistics AT40 = 33.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 42.6% of stocks are trading above their respective 200DMAs VIX = 26.2 Short-term Trading Call: cautiously bullish Stock Market Commentary The major indices bounced out of oversold trading conditions only to face down the immediate challenge … Read more
Stock Market Statistics AT40 = 40.2% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 43.0% of stocks are trading above their respective 200DMAs (2 1/2 week low)VIX = 31.5Short-term Trading Call: cautiously bearish Stock Market Commentary The weeds in the stock market thickened last week. Tech stocks fertilized the … Read more