ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
Stock Market Commentary: The stock market oozed with bullish intent as it pushed its way through the latest Federal Reserve statement on monetary policy. While Jerome Powell made sure to stick to the script and introduced no surprises to the market, he was surprisingly reluctant to underline the Fed’s hawkishness. The market made a mile … Read more
Stock Market Commentary: Mid-week, fresh drama in crypto looked like the next pivot point for the stock market. Instead, the bout of selling turned into a forgettable speedbump. Buyers returned with force in Bitcoin (BTC/USD), and the major stock indices recovered from major technical breakdowns and tests. In recent weeks, the stock market has bounced … Read more
Stock Market Commentary: After celebrating slightly weak economic data last Friday, stock market buyers and bulls have trained their eyes on the December CPI (Consumer Price Index) report. The bullish trading action for the last two days suggests market participants are expecting weaker than expected inflation data. In turn, such a report would strengthen hopes … Read more
Stock Market Commentary: Yesterday’s surge in the Japanese yen (FXY) may have exhausted enough sellers to clear the path for some holiday cheer in the stock market. Suddenly, the market seemed to transition from the heavy burdens of a stubbornly hawkish Fed to the alluring hopes from a lack of (scheduled) negative catalysts for the … Read more
Stock Market Commentary: September was somber. October so far is a sugar high in comparison. With the remaining pandemic era gains preserved for now, the major indices immediately face the challenge of downtrends in place since August’s peak. The conclusion of an extended (8 days long) oversold trading period means, according to history, that at … Read more
Stock Market Commentary: And then there was just one. The S&P 500 (SPY) is once again the lone index of three that still trades just outside the clutches of the bear. The signs were flashing red last week as the bear market looked like it warmed right back up. The technicals of market breadth combined … Read more
Stock Market Commentary: The stock market threw a big fakeout, the biggest I have seen in a long time. Just yesterday, a synchronized failure at key resistance levels from the major indices combined with a drop from overbought conditions to convince me to get (cautiously) bearish on the stock market. The read on July CPI … Read more
In “What Recession? Market Shows Love As Apple Leads the Way“, I raised a yellow flag on a critical test for the market at the overbought threshold. I described the conditions dividing the market from a bearish reversal and an extended bullish rally. The stock market left the situation in suspense by gapping down, falling … Read more
Stock Market Commentary First, a strong jobs report unnerved the stock market. Next, strong inflation unraveled the stock market as bear market trading beat stocks back to oversold’s edge. Perhaps ironically, the White House sounded an early alarm bell about the inflation report and gave market participants a head start in selling. Sellers quickly flipped … Read more
Stock Market Commentary: The expected first of the month buying only showed up in the last hour of trading, but it still made an important impression. The recovery created a picture perfect bounce off the oversold threshold. At the same time the S&P 500 perfectly tapped its May, 2021 closing low before recovering. The volatility … Read more