ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary And so a bear market ends, for the S&P 500 at least. The stock market enjoyed a strong follow-through day supported by previous oversold conditions. To represent the most recent technical developments, I created a well-defined area for the bear market called the “area of agitation”. The S&P 500’s breakout above this … Read more
Stock Market Commentary The stock market presented mixed messages amidst ongoing volatility. While a “softer than expected” CPI report presumably triggered an initial fragile rebound, I see persistent underlying weakness. Apple Inc. (AAPL) represents this fragility with a continued bearish breakdown casting a shadow over the broader market. Apple Inc. (AAPL) declined 1.8% and confirmed … Read more
Stock Market Commentary I used key indicators in late February to issue a red flag warning on the stock market. I used additional indicators to serve as caution even as I flipped to a bullish posture on the stock market last week. Now, a fresh indicator of caution has emerged in the form of an … Read more
TSLA Revs Higher Incredibly, Tesla Inc (TSLA) has nearly doubled since a loud thud greeted the company’s robotaxi rollout. That bearish breakdown below support at the 50-day moving average (DMA) (the red line in the chart below) now looks quite quaint. Since then, a 21.9% post-earnings gain and an initial 14.8% post-earnings pop have ignited … Read more
Stock Market Commentary The Federal Reserve took the stage right after the U.S. presidential election. The Federal Reserve and Fed Chair Jerome Powell delivered as expected. The unrelenting bulls had no reason to stop the momentum from the post-election rally. Powell stuck to the Fed’s script and unrelenting bulls kept charging. The uneventful meeting had … Read more