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…
Stock Market Commentary There is a deepening irony in my on-going bearishness on the stock market. The sector most visibly responsible for the anti-bearish animal spirits leaning against poor market breadth is the same sector I remain unapologetically bullish about: Artificial Intelligence (AI). The ironic contrast was in full display last week as the bullish … Read more
Stock Market Commentary I hate to be one of THOSE bears, but this current wild stock market has turned me into the classic broken record of bearishness. Last week’s red flags consisted of mind-boggling price changes in certain stocks both up and down. Stocks should not move in big chunks at a time, sometimes for … Read more
Stock Market Commentary Instead of climbing a wall of worry, the market is climbing a wall of frustration (I stole that from a friend of mine). No matter what economic indicators bears stare at to declare impending doom, the jobs market just keeps coming in hot month-after-month. While a widening swath of stocks are breaking … Read more
Stock Market Commentary The rally out of the stock market’s last oversold period finally suffered its first strike today as a strong open fizzled into some important fades. The S&P 500 and the NASDAQ tapped highs of the year only to fail into marginally negative closes. Most importantly, market breadth perfectly tapped the threshold for … Read more
Stock Market Commentary The stock market continued its inflation celebration last week with a surge on Monday. The buying momentum abated from there as the holiday-shortened week rolled into Thanksgiving and then Black Friday. Even though NVIDIA (NVDA) stole the earnings spotlight for the week, the U.S.’s most storied day of shopping set the stage … Read more
Stock Market Commentary Stocks stumbled their way through a week fraught with hopes and fears for Fed Chair Jerome Powell’s speech at Jackson Hole. With looming oversold conditions, the most significant technical event occurred with a bearish engulfing right under important resistance levels for both the S&P 500 and the NASDAQ. The relief buying that … Read more
Stock Market Commentary The stock market pushed into overbought conditions last week. After one follow-through day, small caps wilted and dragged down market breadth toward the overbought threshold. That key setback raises the stakes of the current earnings period. I will try to look through the likely “chop” in the trading action, to identify on-going … Read more
Stock Market Commentary: Flying on the wings of an AI (artificial intelligence) gold rush, the NASDAQ may have delivered the swan song for its bear market. The latest rush of buying, sent the NASDAQ above its bear market line for the first time since last August. The path to this breakthrough was fraught with yet … Read more
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
Stock Market Commentary: This stock market is one bullish bear market. A bear market perhaps cannot get more bullish than the current market. Since the October lows, the various indices have shown a general upside bias. As much time that I have spent the last several weeks looking for excuses to get bearish, the market … Read more