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: On a weekly basis, the stock market seems to flip its abiding theme. One week after I accused the stock market of sleepwalking, buyers roused the major indices out of their slumber with a new and sudden display of strength. A 13.9% post-earnings surge from Meta Platforms, Inc (META) seemed to set … Read more
Stock Market Commentary: Yes. The stock market can be both complacent and oversold. A week ago I described how stocks left regional banks behind. Last week, the overall market took comfort in the on-going, yet narrowing, strength in big cap tech stocks even as industrials and other economically sensitive stocks stumbled into weakness. The resulting … Read more
Stock Market Commentary: Unlike the prior week, last week was all about the fundamentals, and the fundamentals made a huge difference. After failing to break through picture-perfect resistance levels, especially the 20-day moving averages (DMAs) (the dotted lines in the charts below), the indices were left vulnerable to selling pressure. The pressure started with Federal … Read more
Stock Market Commentary: Was the second trading day of February the peak for the S&P 500? After a 1.4% gain nearly finished reversing the losses from last August’s Jackson Hole, the index lost momentum. While the index churned for the following 2 weeks, trashed stocks from 2022 continued to soar. Even that momentum seemed to … Read more
Stock Market Commentary: Last week was a bullish week for the stock market. Key breakouts on the major indices made a bullish case for stocks as buying strength conjured up overbought trading conditions. Yet another post-CPI celebration sealed the deal on a bullish convergence leading into the report on inflation. While it is tempting to … Read more