ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary Stock Market Commentary Chaotic trading continued last week. Some segments of the market are doing extremely poorly and other segments of the market that are doing extremely well. A market rotation has turned into stark divergence hidden by major indices which are mainly thrashing about. I see three major signals. One, … Read more
Stock Market Analysis Summary Market liquidity fears intensified across equities and crypto as market breadth continued to deteriorate. The major stock market indices confirmed bearish technical breakdowns. Major AI and tech stocks confirmed weakening momentum. The week ended with a relief rally after rate-cut expectations surged with Fed Governor Williams teasing a possible December easing. … Read more
Stock Market Commentary The stock market started the week in familiar melt-up mode, supported by a (temporary) thaw in the economic war between the U.S. and China. Optimism persisted until the Federal Reserve weighed in with its latest announcement on monetary policy, when Chair Jerome Powell balked at the idea of a December rate cut. … Read more
Stock Market Commentary In a flashback to August’s opening trading salvo, September trading started with a sharp pullback. The decline fit the standard theme of “professional” traders and investors returning from summer vacations to take profits from a market levitating on low volume vapors. However, sensing redux price action, the market’s persistent buyers jumped right … Read more
Stock Market Commentary Finally the bears break in on all the fun the bulls have had for months. The stock market got overwhelmed with a flood of bad news that was just too difficult to ignore or look through (for now). The July jobs report was not just weak but also it included a massive … Read more