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 The simple and quiet breakout for the stock market found follow-through last week. Both the S&P 500 and the NASDAQ hit fresh all-time highs during the week. The April CPI (consumer price index) report paved the way on Wednesday’s all-time highs. A softer than “expected” number revived hopes for a rate cut … Read more
Stock Market Commentary I saw a simple test for distinguishing bearish and bullish signals after META’s post-earnings swoon last month. A quick rebound following failed tests at resistance complicated the picture. The price technicals and dynamics returned to simple as a synchronized yet quiet breakout unfolded last week across the S&P 500 and the NASDAQ. … Read more
Stock Market Commentary Can a bullish divergence create a bottom for stocks? The stock market ended last week with an emphatic “YES!” A wild week got treacherous after Thursday’s META pricequake. Investors rushed for the exits after Meta Platforms (META) reported earnings. The sympathy selling went far and wide. Fortunately, earnings from Alphabet (GOOG) and … Read more
Stock Market Commentary Last week was an intense week of trading. The ever-escalating conflict in the Middle East disturbed markets. However, the initial negative reaction in futures market was mostly erased by the time of the market open on Thursday. The indices even managed to gain ground before getting faded. Thus, the market still fundamentally … Read more
Stock Market Commentary April showers have arrived in the form of stockdrops instead of raindrops. After a near relentless push higher every month since November, the S&P 500 is down 4.4% month-to-date. Both the S&P 500 and the NASDAQ have confirmed bearish breakdowns and the ETF of small caps, IWM, is again in a bear … Read more