ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.6% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary And just like that, the stock market made it even harder for me to keep a bullish bias on … Read more
The volatility index, the VIX, has closed below 11 for 5 straight days and 22 of the last 25. These stretches of extremely low volatility (I will now shorten it to ELV for convenience) include a 14-year low for the VIX. The interruption in this streak of ELV included an abrupt wake-up call where the … Read more
AT40 = 47.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 9.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary I should no longer be amazed, but I am still amazed: the inability of sellers to generate follow-through in … Read more
AT40 = 42.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.3% of stocks are trading above their respective 200DMAs VIX = 12.0 (volatility index) – a 17.9% decrease Short-term Trading Call: neutral (bullish only after the latest Trump Turmoil reverses OR oversold conditions, potentially bearish upon a retest of … Read more
AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: cautiously bullish (downgrade from bullish) Commentary Time to downgrade my bullishness to “cautiously bullish.” While the S&P 500 (SPY) made a new … Read more
AT40 = 49.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.2% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary The week started with the volatility index, the VIX, plunging to a 14-year low. I held onto my put options … Read more
AT40 = 54.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.4% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary Two hallmarks of this current stock market have been the 1) consistent weakness of sellers and 2) the persistent ability … Read more
The French people will make a final decision on a President in less than 24 hours from the time of writing. Financial markets are in a much different place now than they were two weeks ago ahead of the initial round of voting. Thanks to the “French Fly” optimism is riding high and all assumptions … Read more
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.0% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: bullish Commentary The Federal Reserve effectively reaffirmed its commitment to two more rate hikes this year. The S&P 500 (SPY) yawned, but … Read more