ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 Status: 64.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.1% of stocks are trading above their respective 200DMAs VIX Status: 12.5 (volatility index) Short-term Trading Call: neutral Commentary Two days ago, I titled my Above the 40 update “The S&P 500 Coiled In Anticipation.” I described the building … Read more
The volatility index, the VIX, has closed below 11 for 2 straight days, 3 of the last 6, and 6 of the last 13 days. Source: FreeStockCharts.com These low levels of the VIX seem dangerously low, and I have labelled them as such in my recent “Above the 40” posts. Yet, I have discovered the … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
The U.S. Federal Reserve failed to hike rates in its June policy meeting just as expected. More importantly, the Fed left alone its projection of the appropriate policy path for 2016 at 0.9%. The Fed trimmed its expectation for 2017 from 1.9% to 1.6% and slashed 2018 from 3.0% to 2.4%. The “long run” dropped … Read more