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 The dust is settling ever so slightly on the stock market’s post-Fed plunge. The stock market shifted from euphoria to oversold on a day that woke up everyone to a potentially new market reality. I say “potentially” because all year the market has been hit with bearish catalysts and quickly bounced back … 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 The stock market poetically swung from the depths of despair with a seasonal September drawdown to a sharp rebound in giddy anticipation of rate cuts from the Federal Reserve on Wednesday. The highly anticipated meeting has the potential to set the market’s tone for the remainder of the year. If Chair Jerome … Read more
Stock Market Commentary Last week ended with an historic tech outage that took down operations around the globe. This event was a poetic punctuation to a week that featured a sharp and toppy end to overbought conditions. The stock market’s tech outage features blow-off tops, double-tops, and some key breakdowns in individual stocks. Still, while … Read more
Stock Market Commentary: What was quiet in the prior week is now loud and clear. Led by the NASDAQ, the stock market is in breakout mode. While market breadth is not quite endorsing the move, key breakouts are showing up in the indices and individual stocks. The inability of sellers to take advantage of bad … Read more