ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary We closed out March and Q1 with a wild day of trading. As captured in a headline from Yahoo Finance, “Wall Street closes out worst quarter since 2022,” sentiment was deeply negative. Headlines about tariffs, economic troubles, and Coinbase’s (COIN) worst quarter since the FTX collapse added to the sense of dread. … Read more
Stock Market Commentary And so a bear market ends, for the S&P 500 at least. The stock market enjoyed a strong follow-through day supported by previous oversold conditions. To represent the most recent technical developments, I created a well-defined area for the bear market called the “area of agitation”. The S&P 500’s breakout above this … Read more
Stock Market Commentary There is no support in a bear market. The market is extremely volatile, and conditions are changing daily. The market is showing clear signs of weakness, with all major trends pointing downward. The mixed messages from yesterday (Thursday) are converging more clearly on the messages of a bear market. The long-term, mid-term, … Read more
Stock Market Commentary The stock market presented mixed messages amidst ongoing volatility. While a “softer than expected” CPI report presumably triggered an initial fragile rebound, I see persistent underlying weakness. Apple Inc. (AAPL) represents this fragility with a continued bearish breakdown casting a shadow over the broader market. Apple Inc. (AAPL) declined 1.8% and confirmed … Read more
Stock Market Commentary I used key indicators in late February to issue a red flag warning on the stock market. I used additional indicators to serve as caution even as I flipped to a bullish posture on the stock market last week. Now, a fresh indicator of caution has emerged in the form of an … Read more