ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
AT40 = 49.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.9% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary The stock market’s coordinated yet precarious dance around 50-day moving averages (DMAs) continued on Friday. The latest round of technical battles played out … Read more
The iShares US Home Construction ETF (ITB) has essentially reversed its entire breakdown that began in October. ITB is now up 24.4% for the year and up 30.9% from the December low. These gains outpace the S&P 500’s (SPY) rebound of 15.2% for the year and 22.8% since the December low. This out-performance means that … Read more
AT40 = 85.7% of stocks are trading above their respective 40-day moving averages (DMAs) (20th overbought day)AT200 = 47.3% of stocks are trading above their respective 200DMAs (4-month high which reverses the October, 2018 breakdown)VIX = 13.5Short-term Trading Call: neutral Stock Market Commentary The waiting game continues within a bullish cloak. An extended overbought rally … Read more
Housing Market Intro/Summary The housing data were late and incomplete at the time of original publishing due to the previous U.S. government shutdown. The last update came with the new home sales data published on March 5, 2019. I look forward to everything getting back in sync! The lagging data have not discouraged investors from … Read more
Leading Signs of Housing Troubles I now look forward to the earnings calls from Redfin (RDFN). The company’s management provides direct and timely information on the health of the housing market. Recall that it was Redfin in mid-August 2018 that sounded an early alarm on the housing market at a time when many in the … Read more
AT40 = 6.5% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #8)AT200 = 11.0% of stocks are trading above their respective 200DMAsVIX = 30.4 (down 15.7%)Short-term Trading Call: bullish Commentary Pick your favorite catalyst or explanation. I am sure there is good news (or the absence of bad news) out … Read more
AT40 = 44.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.3% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 18.1 Short-term Trading Call: neutral Commentary Last week was a week where the stock market seemed to force its way into the endzone … Read more
Housing-related stocks continue to show signs of a return of buying interest. I keep tabs on these “housing moves” as checks on the health of the sector. These moves are of particular interest now that investors are actively worrying about a housing slowdown just as the stocks of home builders launch into their seasonally strong … 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
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral Commentary The stock market is not quite out the (short-term) woods yet. Last Wednesday I pointed out why the latest bearish divergence forced … Read more