ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 60.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.4% of stocks are trading above their respective 200DMAsVIX = 15.1Short-term Trading Call: neutral Stock Market Commentary Trade War The search for news bad enough to convince the Federal Reserve to cut rates continues. The weekend began with news … Read more
In recent days, market pundits have excitedly talked about the prospects of the Federal Reserve getting so dovish that it would be willing to make a bold statement with a rate cut of 50 basis points for the July 31st announcement on monetary policy. Such a move would be quite dramatic given the Fed has … Read more
The S&P 500 (SPY) traded at an all-time high last week. This milestone means that the broad-based index never closed above that level, 2954.20, before that time. Specifically, “all-time” is an adjective with two meanings according to Dictionary.com: “never surpassed or greater” “regarded as such in its entire history” Despite the clarity of this definition, … 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 = 42.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.0% of stocks are trading above their respective 200DMAsVIX = 15.3Short-term Trading Call: neutral Stock Market Commentary After two bearish fades to start the week, the stock market dribbled along. Now the market waits for word on news bad … Read more