ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
This post is a quick addendum to the Above the 40 post I published just ahead of a complete freefall in global financial markets. At the time of writing, futures are showing a 5% drop in the S&P 500 (SPY)! The crash is reflected in real-time in the currency markets. I actively watch the Australian … Read more
AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (8th oversold day)AT200 = 23.2% of stocks are trading above their respective 200DMAsVIX = 41.9Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom barely held as support last week. It was a week of dramatic ups and downs … Read more
AT40 = 17.5% of stocks are trading above their respective 40-day moving averages (DMAs) (6th oversold day)AT200 = 32.9% of stocks are trading above their respective 200DMAsVIX = 32.0Short-term Trading Call: bullish Stock Market Commentary Was it a delayed response to the emergency rate cut from the Federal Reserve? Was it the big comeback by … Read more
AT40 = 11.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 29.7% of stocks are trading above their respective 200DMAsVIX = 33.4Short-term Trading Call: bullish Stock Market Commentary On a day of incredible moves, I was most surprised that the stock market gave traders a chance to get in on the … Read more
AT40 = 7.0% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #3, dropped as low as 5.1%)AT200 = 21.4% of stocks are trading above their respective 200DMAs (13-month low, dropped as low as 17.8%)VIX = 40.1 (was as high as 49.5%)Short-term Trading Call: bullish Stock Market Commentary Oversold I had … 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 = 9.2% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2)AT200 = 26.8% of stocks are trading above their respective 200DMAs (near 13-month low)VIX = 39.2 (up 42.1%)Short-term Trading Call: bullish Stock Market Commentary Oversold The stock market is only into its second oversold day, but the technical extreme … 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
AT40 = 21.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.6% of stocks are trading above their respective 200DMAs VIX = 27.9Short-term Trading Call: neutral Stock Market Commentary Synchronized breakdowns below the 50-day moving average (DMA) looked like an extreme day of selling. The follow-up was even more spectacular. … Read more
AT40 = 34.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 49.4% of stocks are trading above their respective 200DMAs VIX = 25.0Short-term Trading Call: bearish Stock Market Commentary Sellers put on another rare performance: major indices across the board broke down below their respective 50-day moving averages (DMAs). Following … Read more