ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Earlier this week, the iShares MSCI Brazil ETF (EWZ) tested its October, 2023 low. This test of support stopped just short of a 20% correction from the last high set on December 19, 2023. At the closing low, EWZ reached an 18.3% pullback from that last high. I decided to pull an early trigger on … Read more
Stock Market Commentary A plunge in market breadth on Wednesday made me expect a more bearish take on the markets for my next blog post. A sharp rebound led by strong earnings from various retail companies, quickly changed the narrative from a continued NVDA hangover to a bullish divergence and then a bullish setup. Friday’s … Read more
Stock Market Commentary The stock market put an exclamation point on the end of the previous week’s statement performance. Market breadth made an important breakout to a 2-month high and almost looks ready to return to overbought conditions. Such a milestone would finally align my favorite technical indicator with the relentless strength in the stock … Read more
This year has been a surprisingly good year for speculating. The race to the end of 2023 looked like it priced in a lot of good news, but the good news (in price action) continues apace year-to-date. Thus, I decided to take a fresh look at last year’s claim: “Renaissance IPO ETF A Less Volatile … Read more
Sometimes it pays to be stubborn. In December, I asked whether Beyond Meat (BYND) would be the speculative trade of the new year. I presented a simple thesis that managed to work out. However, the path from A to B was totally unexpected, and I broke rules along the way. In response to earnings, BYND … Read more