ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary What happened in the housing market for July, 2025? The housing data looked as bad as ever, but the stock market has finally responded favorably to the stocks of home builders. This forward-looking display of “green shoots” forms the basis of a “bearish to bullish reversal.” The catalyst for this … Read more
Stock Market Commentary A bearish engulfing top pattern in the S&P 500 now seems like a distant memory. Yet, the melt-up in the stock market faces a new test. Just as the stock market enters its most dangerous months of the year in terms of drawdowns, a bearish divergence has emerged with market breadth. What … Read more
Stock Market Commentary The week closed with strong speculative energy, particularly in crypto, with the signing of a package of crypto legislation including a stablecoin bill. Surprisingly, the speculative frenzy did not translate into the overall stock market beyond a few select stocks like OpenDoor (OPEN). In fact, the major indices mainly had a steady … Read more
Bitmine Immersion Technologies (BMNR) currently describes itself as a “bitcoin network company driving value through BTC treasury and multiple Bitcoin income streams.” This business model was clearly not working well enough, and is one of several pivots (a predecessor to BMNR was incorporated in the State of Nevada on August 16, 1995 as Interactive Lighting … Read more
Stock Market Commentary After a holiday-shortened week, a market breadth breakout signals sentiment near peak bullishness. The market also seemed to interpret an unexpectedly strong jobs report as a positive, even as odds for rate cuts plunged (at the time of writing, 5% for later this month and 69.4% for September, down from 91% a … Read more