ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary Of all the November housing data, housing starts provided the clearest support for the sharp rebound in the stocks of home builders the last two months. In parallel, builder sentiment has likely bottomed in anticipation of the positive impact of falling mortgage rates. On the other hand, existing home sales … Read more
The year 2023 has been an incredible year for stocks that no one (but Tom Lee) could have predicted at the start. As I reflected on how well One-Twenty Two helped me to navigate the cyclical extremes of the stock market, I realized I wanted to reach out to my very small community of readers … Read more
Stock Market Commentary After the stock market rally suffered strike one and strike two, Wednesday’s sudden pullback had all the signatures of a third strike to start the end of the extended overbought rally. Sellers surged in the final 90 minutes of trading that day. However, they failed to sustain the stampede for the exits. … Read more
Stock Market Commentary For traders like myself who follow market cycles from extreme fear to extreme euphoria, last week’s trading action was astonishing. The stock market was already well overbought and stretched going into Wednesday’s Federal Reserve meeting. Yet, buyers STILL managed to go into extreme stretch mode. The Federal Reserve essentially declared the death … Read more
Stock Market Commentary I have been a long-time skeptic of Beyond Meat (BYND) but a technical turn of events attracted me to a potential speculative trade in the stock. Combining a positive post-earnings reaction, a confirmed breakout, and today’s push higher above a consolidation period, BYND took on the look of a stock that can … Read more