ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 19.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 1st day of oversold period following 4-day oversold period AT200 = 37.7% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.4 Short-term Trading Call: bullish Commentary The stock market was unable to follow-through from … Read more
AT40 = 20.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended a 4-day oversold period AT200 = 39.6% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.6 (drop of 17.3%) Short-term Trading Call: bullish Commentary The average oversold period lasts 5 days. The latest … Read more
AT40 = 13.2% of stocks are trading above their respective 40-day moving averages (DMAs) – a 4th oversold day (below 20%) AT200 = 33.6% of stocks are trading above their respective 200DMAs VIX = 21.3 (no change) Short-term Trading Call: bullish Commentary All eyes are now trained on the stock market’s critical long-term moving averages … Read more
AT40 = 11.2% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2) AT200 = 31.7% of stocks are trading above their respective 200DMAs () VIX = 23.0 (an increase of 44.0%) Short-term Trading Call: bullish Commentary The market sell-off is unfolding quickly. AT40 (T2108), the percentage of stocks trading above … Read more
AT40 = 16.7% of stocks are trading above their respective 40-day moving averages (DMAs) (a drop of 14.2 percentage points to an 8-month low and the first day of an oversold period) AT200 = 38.6% of stocks are trading above their respective 200DMAs (a drop of 7.6 percentage points to a 6-month low) VIX = … Read more