ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Nice Save Bears have taken numerous shots yet the bulls have consistently blocked them all. The S&P 500 (SPY) is barely off its all-time highs and has survived all number of setbacks. These setbacks seem to get more and more shallow. Monday, April 3rd, 2017 delivered another classic example. The morning began with very convincing … Read more
AT40 = 49.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 12.4 (volatility index) Short-term Trading Call: cautiously bullish (see caveats below) Commentary On Thursday, March 30 (2017), the S&P 500 (SPY) closed above its downtrending 20-day moving average … Read more
AT40 = 41.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.8% of stocks are trading above their respective 200DMAs VIX = 11.5 (volatility index) Short-term Trading Call: neutral Commentary Looks like I switched the short-term trading call from bearish to neutral just in time. The follow-through to yesterday’s setup … Read more
AT40 = 36.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.8% of stocks are trading above their respective 200DMAs VIX = 13.0 (volatility index) Short-term Trading Call: neutral Commentary Imagine that, the S&P 500 (SPY) found buyers to defend support at its 50-day moving average (DMA). The NASDAQ (QQQ) … Read more
AT40 = 37.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.8% of stocks are trading above their respective 200DMAs VIX = 13.0 (volatility index) Short-term Trading Call: bearish Commentary In my last “Above the 40“, I noted how the stock market took a pause in deference to the growing … Read more
AT40 = 35.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.6% of stocks are trading above their respective 200DMAs VIX = 12.8 (volatility index) Short-term Trading Call: bearish Commentary The sellers did their best to create follow-through selling to the previous day’s bearish breakdown. As has been the case … Read more
AT40 = 35.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.6% of stocks are trading above their respective 200DMAs VIX = 12.5 (volatility index) Short-term Trading Call: bearish Commentary The S&P 500 (SPY) finally flipped the switch on the bearish threshold I have described since the last bullish breakout … Read more
AT40 = 46.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 61.8% of stocks are trading above their respective 200DMAs VIX = 11.3 (volatility index) Short-term Trading Call: neutral Commentary In my last Above the 40, I pointed out a surprising and mild bullish divergence. Like so much else in … Read more
AT40 = 50.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 11.3 (volatility index) Short-term Trading Call: neutral Commentary After the U.S. Federal Reserve hiked interest rates, the market’s expectations on future rate hikes relaxed a bit. That relaxation … Read more
AT40 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.5% of stocks are trading above their respective 200DMAs VIX = 11.6 (volatility index) Short-term Trading Call: neutral Commentary The U.S. Federal Reserve hiked its interest rate as expected by 0.25%. The accompanying statement was remarkable only for being … Read more