ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 2.7% of stocks are trading above their respective 40-day moving averages (DMAs) (16th oversold day)AT200 = 4.0% of stocks are trading above their respective 200DMAsVIX = 76.5Short-term Trading Call: bullish Stock Market Commentary The week started with another stomach churning loss with the S&P 500 (SPY) losing 12.0%. It was a day where … Read more
“Looking for one of the 4% of stocks still trading above their respective 200DMAs? Apple (AAPL) is one of those lucky few. If sellers break AAPL, I foresee two binary possibilities: 1) buyers will finally see enough bargains to go on a buying spree, or 2) buyers give up all hope and the resulting rush … Read more
In an earlier post on Sunday, I provided reasons to believe that the market was finally drawing a line in the sand for a sustainable bottom. With anticipation, I pronounced I would go on a shopping spreed down to S&P 500 (SPY) 2600. At the time of writing, it looks like I may have to … Read more
AT40 = 3.0% of stocks are trading above their respective 40-day moving averages (DMAs) (13th oversold day)AT200 = 6.5% of stocks are trading above their respective 200DMAsVIX = 57.8 (down 23.4%)Short-term Trading Call: bullish Stock Market Commentary The stock market experienced another historic day as the bear market takes on more twists and turns. The … Read more
AT40 = 1.7% of stocks are trading above their respective 40-day moving averages (DMAs) (12th oversold day)AT200 = 4.1% of stocks are trading above their respective 200DMAsVIX = 75.5 (just short of financial crisis all-time high of 90)Short-term Trading Call: bullish Stock Market Commentary When I said a persistently elevated volatility index (VIX) warned us … Read more