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 bulls win big. The summer of loving stocks continued with the bulls overcoming a major hurdle: the overbought threshold for market breadth. After two failed attempts in the last month, the third attempt became the charm. The charm received a strong endorsement from fresh breakouts by the S&P 500 and the … Read more
Stock Market Commentary The summer of loving stocks is staring down its second major test just two weeks after its first major test. Like the first test, the latest test is happening in the wake of the stock market’s failure to break through the overbought threshold on market breadth. Unlike the first test, the important … Read more
Stock Market Commentary: The summer of loving stocks is facing its first real test. In the middle of the week, the rally finally failed at the threshold of overbought market breadth. The stock market closed the week with market breadth confirming the end of the primary rally and the start of an important test of … Read more
Stock Market Commentary: Last week started strong with Goldman Sachs (GS). Analysts there looked beyond the coming Federal Reserve meeting and hiked their year-end price target for the S&P 500 to 4500. The index quickly moved half the remaining distance and opened the door for more price chasing by analysts before 2023 hits the halfway … Read more
Stock Market Commentary: Market breadth almost reached overbought trading territory last week. The Federal Reserve is issuing yet another missive on monetary policy this coming Wednesday. The market’s script is arranged for the potential drama of a collision between the euphoria of overbought trading and a Federal Reserve that is eager to moderate the market … Read more