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: 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
Almost seven years ago, I developed the “200DMA Signal” to provide a relative measure of major bottoms for the S&P 500 (SPY). The 200-day moving average (DMA) is a long-term measure of a price trend, so it provides a robust assessment of prevailing trends. The 200DMA Signal triggers when the S&P 500’s 200DMA suffers its … Read more
Stock Market Commentary: The latest bear market bounce was an even closer call than the last one. This time around, Apple Inc (AAPL) failed to lead the S&P 500 away from the brink. AAPL closed below its October, 2021 low the previous day and warned technicians that the stock’s leadership was failing. So when AAPL … Read more
Bitcoin Boring Bitcoin (BTC/USD) was pretty boring until this past weekend. After neatly failing at resistance from its 200-day moving average (DMA) in late March, BTC/USD settled back into what was starting to look like an extended trading range. However, the pressures of the bear market and a soaring U.S. dollar (DXY) proved too much … Read more
Stock Market Commentary: The last “official” oversold period was 519 trading days ago. After 8 different intraday dips into and out of oversold territory, the stock market finally closed in oversold conditions. The signs of a bear market include the inability to stay out of oversold conditions. Today’s series of breakdowns combined with further deterioration … Read more