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 Yet another bearish engulfing day. Will THIS one matter to the stock market? In the following video, I review the converging bearish signals just days after all-time highs from the S&P 500 defied October’s warnings. (A summarized transcript follows the video – cleaning and editing help from ChatGPT) Summarized Transcript Introduction Hello … Read more
Stock Market Commentary The U.S. stock market hardly reflected last week’s action-packed news. China scrambled to address a weakening economy with a massive stimulus program with news rolling nearly all week. In Japan, voters elected a Prime Minister who favors a stronger currency in the Japanese yen (FXY). Capping the anti-climactic feeling in U.S. stocks, … Read more
Stock Market Commentary: Social unrest from fresh COVID lockdowns in China are already a distant memory for the U.S. stock market. Just as quickly as the stock market bearishly failed once again to hold overbought trading conditions, market breadth flipped the script to surge and rush back to overbought. Buyers and bulls celebrated a speech … Read more
Stock Market Commentary: The latest jobs report came on the heels of another post-Fed downer. The U.S. added 261,000 jobs but the unemployment rate ticked up from 3.6% to 3.7%. At the open, the market seemed to celebrate the potential implications for looser monetary policy despite the microscopic change in the unemployment rate. China delivered … Read more