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 Bears still look ready to bow out, but they still have their paws firmly planted on high-tech stocks, especially semiconductors. The market rotations out of tech are nudging enough stocks higher, especially small caps, to rechallenge the threshold defining overbought conditions for market breadth. The stark divergence in stocks greatly reduces the … Read more
Stock Market Commentary After just acknowledging politics could deliver on-going surprises for traders and investors, both up and down, I certainly did not expect the first day of trading after that post to confirm my assessment. On Sunday, President Biden bowed out the 2024 Presidential campaign and endorsed VP Kamala Harris. The stock market greeted … Read more
Stock Market Commentary Last week ended with an historic tech outage that took down operations around the globe. This event was a poetic punctuation to a week that featured a sharp and toppy end to overbought conditions. The stock market’s tech outage features blow-off tops, double-tops, and some key breakdowns in individual stocks. Still, while … Read more
Stock Market Commentary The latest overbought period lasted two days, a typical duration. However, the start of the period was atypical given the fuel from historic heroics from small cap stocks. The end of the overbought period was remarkable by delivering some of the clearest topping signals of the year. Key indices that soared into … Read more
Stock Market Commentary The NASDAQ is still toppy, but no matter. Small cap stocks are playing the role of super hero. They made a major statement helping to drive market breadth into overbought conditions. These tiny tots turned super hero in historic fashion. Talk about igniting overbought conditions in style! Forget all that talk about … Read more