ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 68.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.1% of stocks are trading above their respective 200DMAs (essentially matches the 2019 high and is a new 10-month high)VIX = 13.3Short-term Trading Call: neutral (caveats below) Stock Market Commentary Good news is bad news….oops, nevermind The search for … 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 = 42.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.0% of stocks are trading above their respective 200DMAsVIX = 15.3Short-term Trading Call: neutral Stock Market Commentary After two bearish fades to start the week, the stock market dribbled along. Now the market waits for word on news bad … 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