ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 54.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.1Short-term Trading Call: bearish Stock Market Commentary The above tweet begins the dilemmas that lay ahead for short-term trading after I first flipped bearish ahead of Thursday’s selling. First, I … Read more
An on-going debate rages about whether or how fast the Fed should hike rates in 2019. Some even question the need for a rate hike in December. Indeed, the market has priced in a “only” a 65% chance of a rate hike next month. I say only because before the October sell-off and November’s weakness, … Read more
It has been a while since I took note of the impact of economic numbers on the Australian dollar (FXA). For most of this year, I have instead been a lot more focused on what the Australian dollar, combined with the Japanese yen (FXY), might be saying about risk attitudes in financial markets. Today, I … Read more
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 17.3 (28.5% increase!) Short-term Trading Call: bullish Commentary “We cannot tolerate pervasive and persistent misconduct at any bank and the consumers harmed by Wells Fargo expect that robust … Read more
As a data nerd, I have a large pet peeve about the many ways in which the press and media fail to help its audiences understand the nuances in data and analysis even as I understand the need for journalistic expediency and story-telling. However, that annoyance increases by several orders of magnitude when I see … Read more