ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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 = 39.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 45.4% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral (downgrade from cautiously bullish) Stock Market Commentary The last 5 or 6 trading days have been good for bulls and buyers. It was fun while … Read more
AT40 = 38.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.8% of stocks are trading above their respective 200DMAsVIX = 18.9Short-term Trading Call: cautiously bullish Stock Market Commentary From opening at the edge of oversold trading conditions to closing on near panic buying, last week was a wild week! … Read more