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 A week ago, the fading of the growth tantrum further solidified my bullish read on the stock market. Last week, big cap tech took over from the growth tantrum. Buyers passed the baton in impression fashion but left small caps behind. Regardless, market dips are attracting buyers in a rotating fashion. The … Read more
Stock Market Commentary All March long the stock market wrestled with inflation fears. After the S&P 500 (SPY) successfully rallied away from its 50-day moving average (DMA) (red line in the chart below) in early March, I recognized signs that the stock market’s churn was a sign of digestion of these fears. Yet, so-called growth … Read more
Stock Market Commentary Many stocks rebounded sharply from intraday lows on Thursday. The flurry left behind key bullish signals. Buyers did not disappoint on Friday. They delivered strong follow through on the latest bullish signals even as sections of the market suffered targeted carnage. Indeed, the ability to ignore the targeted carnage was itself another … Read more
Stock Market Commentary A great stock market divergence continued last week. However, the market overall is looking more and more resilient as it continues to digest inflation fears. Even the biggest victim of the great divergence, the NASDAQ (COMPQX), remains well above its lows for the month. A very dovish session with Federal Reserve Chair … Read more
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Stock Market Commentary The stock market continued its streak of trickiness. Buyers and sellers played a fierce bear-bull battle starting with one of the biggest fake-out one-day rallies since last September 2nd’s near parabolic run-up. Fresh money flowed into funds to start the month of March to for gains of 2.4% on the S&P 500 … Read more
Stock Market Commentary The stock market got quite tricky last week. A day after buyers re-established control, sellers returned with a sustained fury. The selling on Thursday reflected the stock market’s split personality while the follow-up selling on Friday seemed broader. The pressure on the the stock market looks like an ominous setup for March … Read more
Stock Market Commentary The split personality of the stock market resolved into major breakdowns in the stock market on Tuesday…for about 30 minutes. Apparently increasing inflation fears gave way to the soothing words of Federal Reserve Chairman Jerome Powell at the Fed’s semiannual monetary policy report to Congress. Buyers quickly met the latest sharp and … Read more
E-commerce platform company Shopify (SHOP) has been on a hot streak of secondary stock offerings. In 2020, the company raised $2,578,591 in two separate stock offerings. SHOP cashed in again this week by raising another $1,551,700 in a secondary stock offering of 1.18M shares priced at $1315. The company stated the funds will “strengthen its … Read more
Stock Market Commentary Sellers beat a hasty retreat from the stock market as another bearish signal enjoyed a fleeting existence. The last bearish period lasted about three days. The previous bearish period barely survived a day. The stock market’s ability to quickly wipe away bearish signals is impressive. The buying force over the last week … Read more