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 strong start to September which characterized the persistent complacency in the stock market soon gave way to the kind of selling that characterizes one of the most dangerous months of the year. September came to a bearish end with a 4.8% loss on the month for the S&P 500. The index … Read more
Stock Market Commentary Last week featured an intense barrage of earnings reports. The collective response on the major indices was a major yawn. The S&P 500 finished flat for the week. The NASDAQ and the iShares Trust Russell 2000 Index ETF both softened by 0.4%. Financials were a notable exception as the Financial Select Sector … Read more
Stock Market Commentary A great stock market divergence clarified itself last week. Growth stocks, especially the expensive and/or speculative kind, took a back seat to industrial and consumer names and other stocks primed to benefit most from the global economies reopening on a fresh wave of liquidity. This divergence renders a generalized view of the … Read more
AT40 = 34.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.8% of stocks are trading above their respective 200DMAsVIX = 15.9Short-term Trading Call: neutral Stock Market Commentary Bearish resistance won the trading battle the previous week. Last week, sellers did their best to follow-through. It was a week of chop … Read more
AT40 = 60.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 58.2% of stocks are trading above their respective 200DMAs VIX = 12.0 Short-term Trading Call: neutral Commentary Last week the stock market made history by delivering the longest bull market in history. Tonight on Nightly Business Report, markets are … Read more