ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary The Stock Market Indices Early in the week, the market looked ready to confirm a deeper bearish phase as market breadth broke down and selling accelerated. I felt validated in my bearish call for the first two days of the week. However, the bears quickly lost the narrative from there. Buyers … Read more
The Market Breadth Summary This is the week I finally had to turn bearish on the stock market. The warning signs have piled up too high for me to continue ignoring them. The momentum in the S&P 500 and NASDAQ has been incredibly strong, and that momentum kept me from making this call earlier. However, … Read more
ServiceNow puts AI in the core of its mission and software platform. From the company’s about page: “ServiceNow is the AI control tower for business reinvention—and it all begins with workflows. We are a single platform that brings together any AI, any data, and any workflow, so you can completely reinvent how people work across every … Read more
The Market Breadth Summary Stock Market Commentary The dynamics of this stock market are simple. AI infrastructure stocks are soaring well ahead of the competition and their peers. The rest of the market is getting left behind. Market breadth is going nowhere and remains in bearish territory, but the indices are being powered higher by … Read more
The Avis Budget Collapse In its earnings report last week, Avis Budget Group, Inc (CAR) shined a spotlight on how the trading activity of Pentwater Capital impacted CAR’s share price. During the conference call, the company described how Pentwater created a massive short squeeze. More importantly, the company called attention to Pentwater’s selling. The hedge … Read more