ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I am a long-term investor in SoundThinking, Inc (SSTI), formerly ShotSpotter. One key tenet of my bullishness abruptly came undone with the election of Brandon Johnson as mayor of Chicago. Johnson promised to give ShotSpotter (as it was called then) the boot if elected despite reportedly strong public support for the software. Chicago has supported … Read more
With a bear market underway and oversold trading conditions, I am actively looking for longer-term buys in the stock market. Tax, accounting, and personal finance services software company Intuit Inc (INTU) jumped into my radar thanks to CNBC’s Options Action. Michael Khouw laid out the case for buying a long-term INTU call option, but he … Read more
Stock Market Commentary: Last week delivered a series of confirmed breakouts that served to uphold bullish belief in the stock market. Even as the overall rally looks to continue, the market’s most troubled corners showed weakness at the end of the week. These holdouts failed to break through important resistance levels. Some of these growth … Read more
Stock Market Commentary Whether market breadth wanes or rallies, the stock market just maintains an upward drift through the path of least resistance. Last week, short-term market breadth partially improved thanks to a strong July jobs report. The lingering weakness from the previous week receded just enough to given the stock market a more bullish … Read more
Stock Market Commentary The oversold bounce last week exceeded my expectations. I did not expect the week to end with the S&P 500 and the NASDAQ hitting fresh all-time highs. Both indices seemed to offer limited upside for trading oversold conditions.The oversold bounce also disappointed me. I looked to beaten up stocks as the source … Read more