ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 70.01% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 63.8% of stocks are trading above their respective 200DMAs VIX = 10.2 Short-term Trading Call: bullish (upgraded from cautiously bullish) Commentary The stock market was last overbought three months ago. At the … Read more
AT40 = 69.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 9.9 Short-term Trading Call: cautiously bullish Commentary Last week, I complained about the stock market’s “rubber band” getting stretched. I claimed that AT40 (T2108), the percentage of stocks … Read more
AT40 = 67.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.2% of stocks are trading above their respective 200DMAs VIX = 9.2 Short-term Trading Call: cautiously bullish Commentary In my last Above the 40 I complained that market breadth was once again suffering thanks to an S&P 500 (SPY) … Read more
AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.2% of stocks are trading above their respective 200DMAs VIX = 9.2 (was as low as 8.9) Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) burst higher yet again and spent most of the day at or … Read more
AT40 = 64.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.6% of stocks are trading above their respective 200DMAs VIX = 9.8 Short-term Trading Call: cautiously bullish Commentary The New Year started with fireworks with the S&P 500 (SPY) gapping up to a 0.8% gain and new all-time high. … Read more