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 News of a new 30-spike protein COVID-19 variant sent financial markets into a tumble. The rapid news flow combined with a shortened, holiday trading day to deliver broad-based and intense selling pressure. As the market absorbs this latest blow, it should become clearer that COVID-19 is a new normal. That is, the … Read more
A major gauntlet dropped on the stock market. Apple (AAPL) soared as high as 3.2% but closed at just a 0.3% gain. AAPL broke out to a new all-time high last week in the middle of a swift 8-day run-up. In that time, AAPL bounced off support at its 50-day moving average (DMA) (the red … Read more
Stock Market Commentary Technology stocks are now the main stocks climbing the wall of inflation. A notable and stark rotation unfolded this last trading week. A new plunge in market breadth seemingly accompanied selling of almost everything without the big cap tech label. With a topping in market breadth confirmed, I triggered a fall clean-up … Read more
Stock Market Commentary The first trading week of November was action-packed. At the start of the week I looked ahead to monetary policy from the Federal Reserve and the October jobs report as key catalysts. While those events were indeed important, the stock market was treated to an overlay of at least two other important … Read more
Stock Market Commentary A week ago I pointed out the key signs suggesting the bear cycle was likely already ending. Last week, the S&P 500 (SPY) confirmed the end of the bear cycle with fresh all-time highs. Yet, consistent with this year’s theme, market breadth was left behind in catch-up mode. The momentum on both … Read more