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 Chaotic trading continued last week. Some segments of the market are doing extremely poorly and other segments of the market that are doing extremely well. A market rotation has turned into stark divergence hidden by major indices which are mainly thrashing about. I see three major signals. One, … Read more
The Catalyst: Algorhythm Holdings (RIME) Algorhythm Holdings, a micro-cap (now worth almost $5M) former karaoke machine company, announced its SemiCab AI platform can handle 400% more freight volume without adding staff. This offering is part of the company’s attempt to tap into a $3 trillion industry that the company claims wastes $1 trillion. Algorhythm claims … Read more
The Market Breadth Summary Stock Market Commentary I switched to “risk off” and cautiously bearish in late January. The subsequent bearish trading action unfolded mainly “under the hood” of the major indices from late January through the beginning of last week, before accelerated selling emerged. A major market rotation away from tech stocks started before … Read more
The Market Breadth Summary Stock Market Commentary The first month of the new year ended in an eventful fashion with significant news both good and bad, sometimes abrupt. The bad news convinced me to go risk off again as breakdowns and pullbacks weighed heavily on individual stocks. The major indices hid the extent of the … Read more
The Market Breadth Summary Stock Market Commentary I am risk off in the coming week because market breadth failed twice at the overbought level. One failure is enough to make me cautious, but two tells me that the market is fighting too hard just to go higher. Moreover, earnings season is in full swing. For … Read more