ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 21.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2nd day outside oversold conditions)AT200 = 10.1% of stocks are trading above their respective 200DMAsVIX = 40.8Short-term Trading Call: cautiously bullish Stock Market Commentary “Swift and sweeping fiscal and monetary policy responses from U.S. officials will ultimately support stock prices from … Read more
AT40 = 3.0% of stocks are trading above their respective 40-day moving averages (DMAs) (13th oversold day)AT200 = 6.5% of stocks are trading above their respective 200DMAsVIX = 57.8 (down 23.4%)Short-term Trading Call: bullish Stock Market Commentary The stock market experienced another historic day as the bear market takes on more twists and turns. The … Read more
AT40 = 34.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.4% of stocks are trading above their respective 200DMAs VIX = 25.0Short-term Trading Call: bearish Stock Market Commentary Sellers put on another rare performance: major indices across the board broke down below their respective 50-day moving averages (DMAs). Following … Read more
It was fun while it lasted. I first made the case for buying shares in Peloton Interactive (PTON) in the wake of a flap over a strange commercial for the exercise bike and service. The stock rallied a bit from there, but a well-timed short-seller attack stopped the rebound cold in its tracks. I bought … Read more
AT40 = 65.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.8% of stocks are trading above their respective 200DMAs (just under the high for 2019 of 60.2%)VIX = 13.4Short-term Trading Call: neutral Stock Market Commentary A week after my last Above the 40 post, the volatility index (VIX) is my … Read more