ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 69%. VIX Status: 17.6. General (Short-term) Trading Call: Hold. Start identifying new shorts. Commentary I am pretty surprised to see T2108 right back to the edge of overbought levels. … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 59%. VIX Status: 19.0. General (Short-term) Trading Call: Hold. Commentary T2108 inched closer to overbought territory moving from 56% to 59%. The S&P 500 closed flat. An unexciting day. … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 56%. VIX Status: 19.2. General (Short-term) Trading Call: Hold. Commentary T2108 soared today from 42% to 54% and completely erased yesterday’s losses. The S&P 500 jumped 1.6%. The previous … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 42%. VIX Status: 21.0. General (Short-term) Trading Call: Hold. Commentary T2108 dropped from 54% to 42% as the regularly scheduled selling resumed in the stock market. T2108 remains on … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 55%. VIX Status: 19.5. General (Short-term) Trading Call: Hold. Commentary T2108 nudged upward to 54% from 51%. As I guessed yesterday, the oversold stochastics on the S&P 500 were … Read more