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: Nearly Broke The Stock Market Summary I am surprised that the stock market ended the week as well as it did given that early in the week rising interest rates nearly broke market breadth. Rising treasury yields followed higher oil prices and a worldwide sell-off in sovereign debt. The benchmark U.S. … Read more
The Market Breadth Summary: Broke Sharply The Stock Market Summary The S&P 500 rose fractionally for the week and hid some large market catalysts under the surface. Market breadth broke sharply from the S&P 500 with a large loss and return to the bottom of a trading range. A bearish breakdown in small caps provided … Read more
The Market Breadth Summary: Breakout The Stock Market Summary The AI crash from July 29th feels like a distant memory. The subsequent breakout to all-time highs quickly erased the sting and returned the market to a rally that knows no obstacles. Now, market breadth has broken out and further confirmed the market’s underlying bullishness. Various … Read more
The Market Breadth Summary The Stock Market Summary Just like many of you, I have been glued to the World Cup drama. I have been rooting for the United States and several other countries, and it got me thinking about how much the stock market resembles a soccer match: pass, rotate, advance. The current stock … Read more
The Market Breadth Summary The Stock Market Summary After months of bearish market breadth, the downtrend ended with a surprising bullish divergence. The stock market quickly transitioned from a bearish to bullish divergence thanks to a rotation away from high tech and AI-related stocks and into small caps, consumer-facing stocks, and others. Micron Technology’s earnings … Read more