ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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 = 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
AT40 = 47.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 15.5Short-term Trading Call: bearish (from cautiously bearish) Stock Market Commentary The major indices managed to swing to all-time highs last week, but I still see signs of a … Read more
AT40 = 58.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.4% of stocks are trading above their respective 200DMAsVIX = 11.9Short-term Trading Call: neutral Stock Market Commentary If “cautiously neutral” made sense, I would make that description my short-term trading call. Last week’s trading action motivated me to observe that … Read more
AT40 = 70.3% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought)AT200 = 59.8% of stocks are trading above their respective 200DMAs (13-month high)VIX = 14.7Short-term Trading Call: neutral Stock Market Commentary Oil Soars When I wrote my last Above the 40 post, I knew about the drone strike on … Read more