ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
Stock Market Commentary The stock market is scraping by just above oversold territory. The churn of last week has created a mosaic different trading conditions. The bears are salivating at the all-time lows. The hopefuls like me are finding slivers of opportunity in the breakouts. The stock charts in this review cover some of everything. … Read more
AT40 = 63.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 60.3% of stocks are trading above their respective 200DMAsVIX = 14.0Short-term Trading Call: neutral Stock Market Commentary The stock market started the new decade with wild swings. After starting the first trading day of the decade with a 0.8% gain … Read more
AT40 = 85.7% of stocks are trading above their respective 40-day moving averages (DMAs) (20th overbought day)AT200 = 47.3% of stocks are trading above their respective 200DMAs (4-month high which reverses the October, 2018 breakdown)VIX = 13.5Short-term Trading Call: neutral Stock Market Commentary The waiting game continues within a bullish cloak. An extended overbought rally … Read more
Housing-related stocks continue to show signs of a return of buying interest. I keep tabs on these “housing moves” as checks on the health of the sector. These moves are of particular interest now that investors are actively worrying about a housing slowdown just as the stocks of home builders launch into their seasonally strong … Read more
AT40 = 21.4% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 32.0% of stocks are trading above their respective 200DMAs VIX = 19.3 Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their respective … Read more