ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 35.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.9% of stocks are trading above their respective 200DMAs VIX = 11.4 (14.0% decrease) Short-term Trading Call: neutral Commentary Since last Thursday when I lasted posted Above the 40, AT40 (T2108), the percentage of stocks trading above their respective … Read more
AT40 = 31.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.2% of stocks are trading above their respective 200DMAs VIX = 15.6 (32.5% increase) Short-term Trading Call: neutral Commentary Looks like I was over-optimistic to switch my short-term trading call from neutral to bullish. Now I am right back … Read more
AT40 = 39.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.4% of stocks are trading above their respective 200DMAs VIX = 12.0 Short-term Trading Call: bullish Commentary Urban Outfitters (URBN) notwithstanding with its 19.5% after hours surge, Tuesday, August 15, 2017 was a signature day for the weakness engulfing … Read more
AT40 = 42.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.5% of stocks are trading above their respective 200DMAs VIX = 12.3 (volatility index fell 20.5%) Short-term Trading Call: bullish Commentary As has been the pattern for quite some time now, the latest phase of fear fizzled out fast. … Read more
AT40 = 35.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.9% of stocks are trading above their respective 200DMAs VIX = 16.0 (volatility index) Short-term Trading Call: neutral Commentary The sellers finally put on a show complete with follow-through and a strong finish. The S&P 500 (SPY) cleaved right … Read more
AT40 = 45.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.5% of stocks are trading above their respective 200DMAs VIX = 11.1 (volatility index) Short-term Trading Call: neutral (first day of downgrade) Commentary The stock market had a weak open but a strong close. On the heels of ratcheting … Read more
AT40 = 49.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary Here we go again. Last week, the S&P 500 slipped but did not fall off the edge. In my … Read more
AT40 = 58.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.4% of stocks are trading above their respective 200DMAs VIX = 10.3 (volatility index) Short-term Trading Call: cautiously bullish Commentary When AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), fades from overbought status, … Read more
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 60.4% of stocks are trading above their respective 200DMAs VIX = 9.4 (volatility index) (2nd lowest VIX since at least 1990!) Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) is soaring high since its impressive breakout two … Read more
AT40 = 63.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.5% of stocks are trading above their respective 200DMAs VIX = 9.5 (volatility index) (since 1990, only TWO days have been lower, both in December, 1993!) Short-term Trading Call: cautiously bullish Commentary The volatility index, the VIX, closed at … Read more