ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary Stock Market Commentary Chaotic trading continued last week. Some segments of the market are doing extremely poorly and other segments of the market that are doing extremely well. A market rotation has turned into stark divergence hidden by major indices which are mainly thrashing about. I see three major signals. One, … Read more
The Market Breadth Summary Market rotation is improving participation, but a fresh warning from market breadth keeps me cautious. Small caps and defensives are attracting capital while tech weakness quietly undermines leadership. I remain neutral after AT50 reversed from overbought levels, issuing a fresh warning despite bullish index trends. The disconnect between strong indices and … Read more
Stock Market Analysis Summary Major U.S. equity indices extended gains after a strong end to November, supported by expectations of a December Fed rate cut. Market breadth indicators (AT50, AT200) improved but failed at primary downtrend resistance, signaling lingering internal weakness. Small caps (IWM) outperformed with a breakout to all-time highs, while several major tech … Read more
Stock Market Commentary Media coverage of bubble talk in AI has become increasingly urgent and loud in recent months. Legendary short seller Michael Burry seemed to ring the clarion call when news dropped on Tuesday (November 4) about a massive bearish bet against NVIDIA (NVDA) and Palantir (PLTR). NVDA fell 4.0% that day. The downward … Read more
CEO Sam Altman launched OpenAI’s DevDay 2025 with a series of demos showing off the generative AI platform’s latest capabilities. I was particularly intrigued by demonstrations of features developed in partnership with several companies including Figma (FIG), Spotify (SPOT), Hubspot (HUBS), Coursera (COUR), and Zillow Group (ZG) (links go to the relevant section of the … Read more