ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The stock market in this war-driven sell-off has offered no place to hide except for a few pockets of speculative activity, and Hertz Global Holdings (HTZ) and Avis Budget Group (CAR) have suddenly become meme stocks attracting heavy trading interest. Money is flocking into these stocks, driven by a narrative that travel disruptions are creating … 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
On March 11th after the market close, Atlassian Corporation (TEAM) announced a 10% layoff. The company reiterated guidance to assure investors that the corporate actions do not reflect problems with the business. In his letter to employees explaining the layoffs, CEO and Co-Founder Mike Cannon-Brookes also reminded the company of its strong momentum from the … Read more
This is a special edition of The Market Breadth which follows a detailed look at expanding fear in financial markets. I am using video to quickly share my observations on important technical developments across the stock market. A “bullish engulfing” pattern has created a strong potential for bottoms across stocks and indices. After defining the … 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