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 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 The market delivered a contradictory signal to end the week. For example, while swingtradebot flashed very bullish technical indicators, market breadth declined the last two days of the week. This divergence is symbolic of the swirling tensions in the air. After, the three-week sell-off into a bear market took advantage of rising … Read more
Stock Market Commentary The case for a sustainable low—but not necessarily a bottom—continues to develop. Today’s catalyst came from Federal Reserve Chair Jerome Powell, who breathed more life into market breadth. Market breadth continued its steady expansion. Over the past three of four trading days, there has been clear expansion in breadth, now reaching a … Read more
Stock Market Commentary The stock market saw a cool and strong follow-through day, reinforcing the potential for a sustainable low (NOT a bottom). Based on changes in market breadth, I discussed the potential for a sustainable low in “FINALLY, Some Convincing Bear Market Relief – The Market Breadth“. A flip in the short-term trends for … Read more
Stock Market Commentary After weeks of persistent selling, the stock market finally delivered bear market relief, with all major indices posting solid gains to end the week. Market breadth notably improved, signaling a shift in buying power that could indicate the start of a sustainable low. Note well that a sustainable low is NOT the … Read more