ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
Stock Market Commentary Is another tease for the bears underway? The current bullish rally has included so many temporary bearish signals that I had to stop using baseball metaphors to call strikes. Now, the latest bearish signal looks like the most ominous yet. In the wake of February’s job report, price action delivered a wicked … Read more
Bearish Engulfing the Major Indices The stock market took a decidedly bearish turn right at the edge of Jackson Hole. In particular, the NASDAQ (COMPQ) printed a bearish engulfing pattern right at resistance from its 50-day moving average (DMA) (the red line in the chart below) and its 20DMA (the dotted line). The S&P 500 … Read more