ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 76.1% of stocks are trading above their respective 40-day moving averages (DMAs) (6th day overbought)AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 22.1Short-term Trading Call: cautiously bullish Stock Market Commentary While the politicians in Washington D.C. play a game of chicken with the economy, the … 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
Fed to the Rescue If you are sitting at home wringing your hands about catching a virus from the outside world, I am guessing you are not exactly relieved to hear that the U.S. Federal Reserve may try to come to your rescue with more rate cuts. Yet, easy money is what central banks know … Read more
AT40 = 18.5% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #1)AT200 = 36.6% of stocks are trading above their respective 200DMAs (near 13-month low)VIX = 27.6Short-term Trading Call: cautiously bullish Stock Market Commentary Oversold The action in the stock market continues to move fast. On Tuesday, I declared the … Read more
The stock market has floated higher on the good tidings of easy monetary policies around the globe. The Federal Reserve recently suggested that it will be on hold for the foreseeable future. These accommodative conditions are positive for precious metals, but both gold and silver topped out in early September. In hindsight, the run-up into … Read more