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 is delivering fertile ground for bear market green shoots. Market breadth in the form of AT50 (MMFI), the percentage of stocks trading above their respective 50-day moving averages (DMAs), closed at a one month high. Under the hood are individual stocks achieving convincing 50DMA breakouts and closing out primary … Read more
Stock Market Commentary: A little over a month ago, the prospects of a bottom for this bear market got me a little more interested in individual stocks. Unfortunately, the bear market rubble expanded shortly after that. Amid the rubble are crushed gems and false hopes. These stock charts follow up on my initial reads and … Read more
Stock Market Commentary: With the prospects of a bottom for this bear market, I am getting a little more interested in individual stock narratives. The bear market rubble is extensive. The gems are dispersed across a wide area. These stock charts provide one framework for sifting through the trash and the opportunity. {note: in this … Read more
Stock Market Commentary: The Federal Reserve released the minutes from its May policy meeting. While reporting on the minutes suggest the content contained nothing new, the stock market found rally material anyway. Perhaps it was a relief rally from the fallout in social media stocks. The broad-based buying pushed the stock market out of a … Read more
Stock Market Commentary: For a second straight day, retailers put pressure on the stock market. As retailers increase the pain of this bear market, bullish traders and investors lost one more place to “hide”. The Stock Market Indices The S&P 500 (SPY) plunged 4.0% and immediately dashed the prospect of leaving behind the price range … Read more