ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary The Stock Market Indices Last week, retail and software stocks ignited, and the usual AI-related suspects also participated in the rally. Yet the advance unfolded beneath persistently weak market breadth, leaving a notable disconnect between price action and participation. The software rally is particularly interesting and gratifying to me given I … Read more
Stock Market Commentary Inflation grabbed the headlines last week, but market breadth was just as important for the stock market. With financial markets initially feeling good about the CPI report, buyers rushed for laggard stocks and created a market breadth revival for two days. The abrupt sentiment shift nearly eliminated all my concerns about a … Read more
Stock Market Commentary There are not enough superlatives in the dictionary to describe what happened today. We have borne witness to a multi-day, multi-week saga of economic warfare, tariff chaos, a rolling stock market crash – and now, an historic oversold bounce. President Trump has gone from tariffs, to tariff flexibility, to tariff reciprocity to … Read more
Stock Market Commentary The S&P 500 delivered only a brief respite from the bear market when it broke out above its 200-day moving average (DMA) to start the week. Two days later, the bear market reasserted itself. Another two days later, the sellers punched an exclamation mark on the bear market as a “hot” inflation … Read more
Stock Market Commentary I used key indicators in late February to issue a red flag warning on the stock market. I used additional indicators to serve as caution even as I flipped to a bullish posture on the stock market last week. Now, a fresh indicator of caution has emerged in the form of an … Read more