ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 71.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 23.0Short-term Trading Call: cautiously bearish Stock Market Commentary Last week was not a good time to be sitting on the sidelines … Read more
Stock Market Statistics AT40 = 90.5% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 13 of last 14 trading days)AT200 = 37.4% of stocks are trading above their respective 200DMAs (highest since February 26, 2020)VIX = 24.5Short-term Trading Call: cautiously bullish Stock Market Commentary The on-going recovery in the stock market … Read more
AT40 = 21.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2nd day outside oversold conditions)AT200 = 10.1% of stocks are trading above their respective 200DMAsVIX = 40.8Short-term Trading Call: cautiously bullish Stock Market Commentary “Swift and sweeping fiscal and monetary policy responses from U.S. officials will ultimately support stock prices from … Read more
AT40 = 3.8% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd oversold day)AT200 = 5.0% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 65.5Short-term Trading Call: bullish Stock Market Commentary First a dose of hope: “Coronavirus treatment: Palo Alto woman recovers from coronavirus after … Read more
The grinding bear market in financial markets has quickly created what I am calling “A Culture of Collapse.” The collapse is on vivid display in the stocks of home builders and other related housing and construction stocks. I cataloged the collapse in housing-related stocks that took on dramatic form two days ago. The iShares Dow … Read more