ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary After sweeping away bearish signals, the stock market moved right into overbought territory last week. The week started with a small gap up to all-time highs, and the stock market never looked back. More importantly, the volatility index (VIX) hit a new low since the stock market broke down almost a year … Read more
Stock Market Commentary A liquidity-driven bounce off support took a small breather last week. The major stock market indices ended the week with a small loss. On the way there, overbought trading conditions ended for a day. As the major indices languished, the stock market dipped in and out of overbought conditions on an intraday … Read more
Stock Market Statistics AT40 = 52.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.3% of stocks are trading above their respective 200DMAs (8-month high) VIX = 24.9 Short-term Trading Call: neutral Stock Market Commentary Based on AP results, Joe Biden and Kamala Harris declared victory in the U.S. Presidential … Read more
Stock Market Statistics AT40 = 59.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs (8-month high) VIX = 27.6 Short-term Trading Call: cautiously bullish Stock Market Commentary The stock market cooling continued all of last week. After a sharp one-day pullback … Read more
Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more