ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Small caps were hit particularly hard in today’s follow-through to tech stocks pushing against technical limits. The iShares Russell 2000 ETF (IWM) went from a breakout above its 50-day moving average (DMA) despite a surge in interest rates and oil prices to a sharp 50DMA breakdown along with a further spike in interest rates and … Read more
AT40 = 63.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 60.3% of stocks are trading above their respective 200DMAsVIX = 14.0Short-term Trading Call: neutral Stock Market Commentary The stock market started the new decade with wild swings. After starting the first trading day of the decade with a 0.8% gain … Read more
AT40 = 49.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.0Short-term Trading Call: neutral Stock Market Commentary One Obvious Pattern to Another The S&P 500 (SPY) and the NASDAQ (COMPQX) transitioned from an obvious trading range to an obvious … Read more
AT40 = 8.8% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #10)AT200 = 11.8% of stocks are trading above their respective 200DMAsVIX = 28.3Short-term Trading Call: bullish Commentary Trading is finally calming down a bit. From its high of the day to its low of the day, the S&P 500 … Read more