ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
Stock Market Commentary The sentiment shifts following the bounce from oversold conditions swung from bullish and encouraging to tantalizing and disappointing. The stock market has a precarious setup going into a likely October swoon. The prospects for the current oversold bounce to prevent the October swoon hinge on a swirl of technical signs and fundamental … Read more
Stock Market Commentary Stocks stumbled their way through a week fraught with hopes and fears for Fed Chair Jerome Powell’s speech at Jackson Hole. With looming oversold conditions, the most significant technical event occurred with a bearish engulfing right under important resistance levels for both the S&P 500 and the NASDAQ. The relief buying that … Read more
Last Friday’s 29% plunge in Opera Limited (OPRA) seized the attention of the company and its “cornerstone shareholder” Kunlun Tech Limited. With the swiftness of a crisis management team, the two combined to sing a sweeter tune for investors. In a follow-up SEC filing, Opera Limited clarified that last week’s announced shelf filing simply replaces … Read more
Stock Market Commentary The stock market pushed into overbought conditions last week. After one follow-through day, small caps wilted and dragged down market breadth toward the overbought threshold. That key setback raises the stakes of the current earnings period. I will try to look through the likely “chop” in the trading action, to identify on-going … Read more