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 This is the week I finally had to turn bearish on the stock market. The warning signs have piled up too high for me to continue ignoring them. The momentum in the S&P 500 and NASDAQ has been incredibly strong, and that momentum kept me from making this call earlier. However, … Read more
The Market Breadth Summary Stock Market Commentary The dynamics of this stock market are simple. AI infrastructure stocks are soaring well ahead of the competition and their peers. The rest of the market is getting left behind. Market breadth is going nowhere and remains in bearish territory, but the indices are being powered higher by … Read more
The Market Breadth Summary Stock Market Commentary There are no dips allowed in this stock market. A week ago, I labelled the trading environment as “buy-the-dips” because of the psychology of post-oversold trading. Those dips turned out to be hard to find. Only day traders could notice any weakness in the price action. The stock … Read more
The Market Breadth Summary Stock Market Commentary After five straight down weeks, the stock market finally enjoyed an up week. The move looked strong enough to flash key signs of a bottom in the making. The last day of trading for the holiday shortened week was particularly telling. The stock market gapped lower at the … Read more
The Market Breadth Summary Stock Market Commentary A week ago, I claimed that the stock market was all about oil. Now the stock market is all about war. Oil prices are up because of the war by the U.S. and Israel against Iran. An even larger issue is the cascade of impacts from an escalating … Read more