Above the 40 (March 15, 2017) – Stock Market Rate Hike Celebration Forgot the Financials
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