ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Analysis Summary Late-week buying pressure restored optimism, keeping markets positioned to end the year positively despite unresolved technical risks. Major indices defended key moving averages, while small caps and consumer stocks showed improving relative strength. Market breadth remains uneven, but longer-term indicators continue to support the potential to end the year positively. Leadership … Read more
Stock Market Commentary The protracted shutdown of the U.S. Federal government has dragged past three weeks and Federal workers have now missed their first paychecks of this battle. The stock market rallied to an all-time high when the shutdown started, and it certainly seems to care even less after recovering from a 1-day mini panic … Read more
Stock Market Commentary China and the U.S. have an unstable relationship. Each country needs the other and yet they cannot co-exist peacefully in the global economic or political sphere, especially when nativist flames and security alarms are burning brightly. That lingering instability came to prominence one more time after trade negotiations broke down (yet again) … Read more
Stock Market Commentary We now have a stock market melt-up alongside a government melt-down…and financial markets could not care less. In fact, the stock market can hardly get more bullish with the long-term, mid-term, and short-term uptrends each flashing green and pointing upward. Still, I cannot help checking my peripheral vision for signs of caution. … Read more
Stock Market Commentary Last week was billed as another marquee Fed week. While decision day brought a lot of intraday volatility, the churn became a mere speedbump as market breadth yawned and the stock market melt-up continued. The main message I heard from the Fed was an acknowledgement of an economy weak enough to warrant … Read more