ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Analysis Summary The market initially welcomed the Fed’s rate cut, but rising long-term yields recreated the same headwinds seen after the October rate cut. A tired AI trade emerged as Oracle, Broadcom, NVIDIA, and semiconductors sold off sharply, pressuring market breadth. Major indices showed signs of topping despite prior strength, especially the NASDAQ … Read more
Stock Market Analysis Summary Stock market indices, including the S&P 500, NASDAQ, and Russell 2000, staged sharp recoveries, breaking key resistance levels as holiday spirits fueled by revived rate cut hopes apparently helped to heal a cracked stock market. Market breadth expanded sharply, with the percentage of stocks trading above their 50-day moving averages (AT50) … Read more
Stock Market Analysis Summary Market liquidity fears intensified across equities and crypto as market breadth continued to deteriorate. The major stock market indices confirmed bearish technical breakdowns. Major AI and tech stocks confirmed weakening momentum. The week ended with a relief rally after rate-cut expectations surged with Fed Governor Williams teasing a possible December easing. … Read more
Stock Market Commentary We now have a stock market melt-up alongside a government melt-down…and financial markets could not care less. In fact, the stock market can hardly get more bullish with the long-term, mid-term, and short-term uptrends each flashing green and pointing upward. Still, I cannot help checking my peripheral vision for signs of caution. … Read more
Stock Market Commentary Last week was billed as another marquee Fed week. While decision day brought a lot of intraday volatility, the churn became a mere speedbump as market breadth yawned and the stock market melt-up continued. The main message I heard from the Fed was an acknowledgement of an economy weak enough to warrant … Read more