ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The year 2023 has been an incredible year for stocks that no one (but Tom Lee) could have predicted at the start. As I reflected on how well One-Twenty Two helped me to navigate the cyclical extremes of the stock market, I realized I wanted to reach out to my very small community of readers … Read more
Stock Market Commentary The rally out of the stock market’s last oversold period finally suffered its first strike today as a strong open fizzled into some important fades. The S&P 500 and the NASDAQ tapped highs of the year only to fail into marginally negative closes. Most importantly, market breadth perfectly tapped the threshold for … Read more
Stock Market Commentary The stock market continued its inflation celebration last week with a surge on Monday. The buying momentum abated from there as the holiday-shortened week rolled into Thanksgiving and then Black Friday. Even though NVIDIA (NVDA) stole the earnings spotlight for the week, the U.S.’s most storied day of shopping set the stage … Read more
Stock Market Commentary Last week was a time to avoid staring too hard at the day-to-day pricing action. The major indices were pretty much locked into a stalemate. Two breakouts were followed by two breakdowns. From a wider perspective, a stalemate has effectively been in place since mid-August. Despite my expectations, last month’s Jackson hole … Read more
Bitcoin Uptrend Analysis The trend is a friend for Bitcoin (BTC/USD) again. All three of the major moving averages are pointing upward for Bitcoin. This synchronization of the 20-day moving average (DMA), 50DMA, and the 200DMA supports a buy-the-dip strategy after the big March breakout in the wake of the banking Panic of 2023. Assuming … Read more