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 Stock Market Commentary There are no dips allowed in this stock market. A week ago, I labelled the trading environment as “buy-the-dips” because of the psychology of post-oversold trading. Those dips turned out to be hard to find. Only day traders could notice any weakness in the price action. The stock … Read more
The Market Breadth Summary Stock Market Commentary After five straight down weeks, the stock market finally enjoyed an up week. The move looked strong enough to flash key signs of a bottom in the making. The last day of trading for the holiday shortened week was particularly telling. The stock market gapped lower at the … Read more
The Market Breadth Summary Stock Market Commentary A week ago, I claimed that the stock market was all about oil. Now the stock market is all about war. Oil prices are up because of the war by the U.S. and Israel against Iran. An even larger issue is the cascade of impacts from an escalating … Read more
The Market Breadth Summary Stock Market Commentary Market fears expanded last week as converging headwinds took their toll on a market that insists on buying every dip. The best example of buying persistence came with the market’s first regular trading session after the U.S. and Israel attacked Iran. The S&P 500 gapped down at Monday’s … Read more
Stock Market Commentary Last week’s trading had something for almost everyone: volatility, churn, recovery, and a bank scare. A familiar story about renewed U.S.–China trade tensions expanded into a larger mosaic of market stress and resilience. Still, given market breadth remains broken, I see a market skating on the edge. The volatility index (VIX) summarizes … Read more