ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 53.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.5% of stocks are trading above their respective 200DMAs VIX = 11.1 (volatility index) (11.7% gain) Short-term Trading Call: cautiously bullish Commentary Suddenly, tech stocks are in trouble all over again. On June 9, 2017, tech stocks suddenly swooned, … Read more
AT40 = 52.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.3% of stocks are trading above their respective 200DMAs VIX = 10.9 (volatility index) Short-term Trading Call: cautiously bullish Commentary The Fed hikes short-term rates, and long-term rates go down. This relationship is not the expected one but is … Read more
AT40 = 56.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.5% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary The Federal Reserve gave the permission to the stock market that I awaited…well, sort of. On Wednesday, June 14, … Read more
AT40 = 55.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.8% of stocks are trading above their respective 200DMAs VIX = 9.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary In my last Above the 40 post, I noted how the trading action made it hard for me to … Read more
I am surprised Fed futures traders still firmly expect a rate hike from the U.S. Federal Reserve in June. Source: CME FedWatch Tool After the stock market sell-off in the wake of more Trump turmoil, the market pegged the odds of a June rate hike from the U.S. Federal Reserve at 64.6%. Above 50% means … Read more
Ahead of the May decision on monetary policy from the U.S. Federal Reserve, I concluded that the stars had aligned for a potential (sharp) relief rally for the SPDR® Gold Shares (GLD) and the iShares Silver Trust (SLV). In that post, I extrapolated from the market’s waning enthusiasm for two more rate hikes in 2017. … Read more
AT40 = 47.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.1% of stocks are trading above their respective 200DMAs VIX = 14.9 (volatility index) Short-term Trading Call: cautiously bullish) Commentary The S&P 500 (SPY) ended last week on a sour note. The index hit its first 42 trading day … Read more
AT40 = 54.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 64.8% of stocks are trading above their respective 200DMAs VIX = 15.1 (volatility index) Short-term Trading Call: cautiously bullish (notable caveats explained below) Commentary The stock market has become incrementally more dangerous, yet buyers and bulls continue to succeed … 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
AT40 = 43.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.5% of stocks are trading above their respective 200DMAs VIX = 11.9 (volatility index) Short-term Trading Call: neutral Commentary Times like these really put AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), to … Read more