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 Last week was bullish, and yet the bearish signal that bothered me early in the year returned. Market breadth flashed bearish even as the S&P 500 and the NASDAQ broke out to all-time highs. This bearish divergence is exactly the setup I did not want to see. The … Read more
The Market Breadth Summary Stock Market Commentary Uncertainty is the theme for this market, extreme uncertainty in geopolitics, economic conditions, monetary policy, and domestic politics. The accumulated uncertainty has made the market war weary and exhausted buyers. This exhaustion dampens the potential for oversold conditions to deliver a meaningful bounce in the stock market. For … 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
The Market Breadth Summary Stock Market Commentary The Supreme Court finally issued a judgement on the President’s tariffs enacted under the cover of the International Economic Emergency Powers Act (IEEPA). In a 6-3 decision, the court invalidated the tariffs thus making them illegal. The news came first thing Friday morning and injected a little bit … Read more