ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The economic data continue to worsen in Europe. While it is difficult to find signs of concern in U.S. markets, wariness is etched in a few key corners of financial markets. Precious Signals Notably, the precious metals gold and silver look ready for a fresh upward push. Gold and silver can perform well in times … Read more
AT40 = 53.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.3% of stocks are trading above their respective 200DMAsVIX = 15.4Short-term Trading Call: neutral Stock Market Commentary The stock market is officially in bizarro world. The stock market is breathlessly rallying in anticipation of rate cuts that will come … Read more
AT40 = 88.1% of stocks are trading above their respective 40-day moving averages (DMAs) (17th overbought day)AT200 = 45.9% of stocks are trading above their respective 200DMAs (4-month high that effectively reverses the October, 2018 breakdown)VIX = 14.9Short-term Trading Call: neutral Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40DMAs, … Read more
AT40 = 76.4% of stocks are trading above their respective 40-day moving averages (DMAs) (1st overbought day)AT200 = 28.7% of stocks are trading above their respective 200DMAs (near 2-month high)VIX = 17.4Short-term Trading Call: neutral Commentary It was just a week ago when the stock market surged to overbought levels in a bullish move. AT40 … Read more
Federal Reserve Chair Jerome Powell delivered a speech at Jackson Hole, Wyoming last Friday that seemed to reassure financial markets. The S&P 500 (SPY) finally closed at a new all-time high, and the U.S. dollar cooled off a bit again. Source: FreeStockCharts.com Source: TradingView.com Fundamentally, the speech contained no new news, but it did reaffirm … Read more