ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 55.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 12.6 Short-term Trading Call: neutral Commentary The recovery from the February swoon has been full of nearly predictable bounces: whether it was oversold trading conditions or support at … Read more
AT40 = 68.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.3% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 11.6 Short-term Trading Call: neutral Commentary It is tough avoiding a flip on my short-term trading call to bullish, but I am sticking by my … Read more
AT40 = 53.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 45.9% of stocks are trading above their respective 200DMAs VIX = 14.8 Short-term Trading Call: cautiously bearish Commentary I was right to be bearish last week…until the very last day when all at once the market reversed almost all … Read more
I have waited almost a year to update my data on the valuations of internet-related stocks. The last time I turned the crank on the numbers I documented Facebook’s (FB) ascendency in the valuation ranks. I also guessed that the age of double-digit price-to-sales ratios was coming to an end with the potential exception of … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more