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 first trading week of November was action-packed. At the start of the week I looked ahead to monetary policy from the Federal Reserve and the October jobs report as key catalysts. While those events were indeed important, the stock market was treated to an overlay of at least two other important … Read more
Stock Market Commentary The stock market got quite tricky last week. A day after buyers re-established control, sellers returned with a sustained fury. The selling on Thursday reflected the stock market’s split personality while the follow-up selling on Friday seemed broader. The pressure on the the stock market looks like an ominous setup for March … Read more
Stock Market Statistics AT40 = 71.7% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought) AT200 = 66.9%% of stocks are trading above their respective 200DMAs (near 3-year high and confirmed breakout above post financial crisis downtrend) VIX = 24.8 Short-term Trading Call: neutral Stock Market Commentary The week of … Read more
AT40 = 34.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 12.7% of stocks are trading above their respective 200DMAsVIX = 38.2Short-term Trading Call: cautiously bullish Stock Market Commentary Ever since the S&P 500 (SPY) bearishly broke down below its 50-day moving average (DMA) on February 24th, AT40 (T2108), the … Read more
AT40 = 28.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.5% of stocks are trading above their respective 200DMAs (2-month low)VIX = 20.3Short-term Trading Call: neutral (from cautiously bullish) Stock Market Commentary The 401K stock market’s ugly sandwich just got a bit soggy. My premise for clinging to a … Read more