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 stock market’s bearish divergence is too strong to ignore. The S&P 500 and the NASDAQ achieved all-time highs while market breadth sunk again this week. Both short-term and long-term market breadth indicators are at key support levels. Even if market breadth somehow rebounds from current levels, I find myself getting yet … Read more
Stock Market Commentary: The recession that Wall Street wants remains elusive according to the August jobs report. The data show the labor participation rate increased with job growth and a minimal increase in the unemployment rate: a recipe for the (mythical?) economic soft landing. The reaction in the stock market reflected the duality in interpreting … Read more
Stock Market Commentary: A little over a month ago, the prospects of a bottom for this bear market got me a little more interested in individual stocks. Unfortunately, the bear market rubble expanded shortly after that. Amid the rubble are crushed gems and false hopes. These stock charts follow up on my initial reads and … Read more
Stock Market Commentary: With the prospects of a bottom for this bear market, I am getting a little more interested in individual stock narratives. The bear market rubble is extensive. The gems are dispersed across a wide area. These stock charts provide one framework for sifting through the trash and the opportunity. {note: in this … Read more
Stock Market Commentary The stock market breezed through August and now strolls into September. The S&P 500 breezed to a 2.9% gain for the month of August, its seventh month in a row of gains. The NASDAQ breezed even higher with a 4.0% gain for August. The stroll into September ignored the disappointment in the … Read more