ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The bullish post-earnings scenario I painted for Apple (AAPL) worked out relatively well in the first day of trading. After AAPL quickly topped out, my proposed strategy for a calendar call spread rapidly transformed from under-performing the benchmark weekly $210 call strategy to outperforming. In the immediate wake of earnings, AAPL gapped over expected $215 … Read more
AT40 = 63.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.1% of stocks are trading above their respective 200DMAsVIX = 12.9Short-term Trading Call: neutral Stock Market Commentary The stock market is keeping the faith. The previous week ended with a U.S. GDP report for Q1 2019 that represented well the … Read more
AT40 = 15.8% of stocks are trading above their respective 40-day moving averages (DMAs) – 2nd day of oversold period following 4-day oversold period AT200 = 33.9% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 20.1 (15% increase) Short-term Trading Call: bullish Commentary The 200-day moving averages (DMAs) still … Read more
AT40 = 57.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.5% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary In my last Above the 40 post, I expressed my lingering suspicion of the market’s rally and drive right past a bearish … Read more
The volatility index, the VIX, closed below 11 on April 24, 2017. That launched 184 trading days of extremely low volatility (ELV). The VIX is now just 1 more trading day away from finally bringing this historic event to an end. By my definition, it takes 20 trading days of the VIX closing above 11 … Read more