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 The stock market delivered a gift on Friday as I scrambled to de-risk following the Bank of Japan’s drama on monetary policy. I braced for selling into bearish pressure and instead was pleasantly greeted by a broad push higher for stocks from the open. After the dust settled on the day, I … Read more
Stock Market Commentary: As expected, the S&P 500 took the spotlight in the latest week of trading. Earlier I noted that the index was a breakdown away from bearish trading conditions. The S&P 500 obliged and dropped under its 50-day moving average (DMA) (the red line below). However, the bearish call is challenging because sellers … Read more
Stock Market Commentary: The stock market held up surprisingly well last week given the intensifying Russian assault on Ukraine and the accelerating economic sanctions pressing upon Russia. Yet, similar to my concerns for the suffering Ukrainian people, I have increasing doubts that this market “stasis” can last much longer. Specifically, the downtrending 20-day moving averages … Read more
Stock Market Commentary: The market feels heavy and bearish. Yet, the major indices continue to bounce between the edges of their “churn zones.” Last week’s churn delivered a surprising ray of light tantalizing the dour sentiment. While the S&P 500 and the NASDAQ closed with a second straight week of losses, the major breadth indicators … Read more
Stock Market Commentary The stock market survived a choppy week. The churn almost looked like stabilization after a disappointing start to the new year. However, the attempt to absorb the news of a hawkish Fed is taking its toll in the form of toppiness. With each passing day I get more and more wary about … Read more