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 Last week marked an important shift as the stock market experienced overdue relief. Most notably, there were no major headlines causing significant disruptions in financial markets. Instead, the market continued the theme of recovery from the previous week, driven by policymakers pivoting their messaging about the economic chaos triggered by policies and … Read more
Stock Market Commentary A good friend of mine introduced me to the phrase – now we’re cooking with gas! In today’s context, this phrase refers to some startling developments in the rolling crash in the stock market. The technical damage was thorough, unrelenting, and nearly merciless. Chaos in economic policy chaos has fully transferred into … Read more
Stock Market Commentary A week ago, I concluded that the stock market had reached “oversold enough” trading conditions. Last week confirmed an oversold low as market breadth rapidly broadened and supported an all-time high redux for the S&P 500. Yet, this revival comes with important caveats. Uncertainty looms over the Federal Reserve’s next moves even … Read more
Stock Market Commentary Fades were on display, especially on Thursday, as the stock market showed signs of exhaustion. Bad news in and for the semiconductor industry seemed to motivate sellers. For example, earnings for Microsoft (MSFT) and Meta Platforms (META) seemed to release some steam on hyped expectations for the AI chips both companies will … Read more
Stock Market Commentary I saw a simple test for distinguishing bearish and bullish signals after META’s post-earnings swoon last month. A quick rebound following failed tests at resistance complicated the picture. The price technicals and dynamics returned to simple as a synchronized yet quiet breakout unfolded last week across the S&P 500 and the NASDAQ. … Read more