ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In “What Recession? Market Shows Love As Apple Leads the Way“, I raised a yellow flag on a critical test for the market at the overbought threshold. I described the conditions dividing the market from a bearish reversal and an extended bullish rally. The stock market left the situation in suspense by gapping down, falling … Read more
Given the mix of warning and promising signs in the stock market, I am more tuned than usual to collecting confirming signals or signs of invalidation. My radar perked up when I saw the potentially bearish chart pattern in Amazon.com (AMZN): the dreaded shooting star on June 10th. According to swingtradebot.com, a shooting star “is … Read more