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 Trading with on-going headline risk is difficult for bulls and bears. I find it useful to pick a narrative, pick an anchor, and stay as disciplined as possible. My foundation remains with the principles of trading contrary to extremes. Last week, the market tested the extremes of oversold trading conditions and survived … Read more
Stock Market Commentary: When Russia launched a full scale invasion of Ukraine, financial markets took heavy hits. Overnight, I anticipated a drop into oversold trading conditions for the U.S. stock market. Those oversold trading conditions were surprisingly and exceptionally brief. The major indices gapped down well below their lower Bollinger Bands (BB), and I waited … Read more
Stock Market Commentary: A divergence still exists between the anxiety in financial markets and market breadth, but that divergence is no longer so promising. Sellers rushed into the close as rumblings rolled of an escalation in the Ukraine-Russia conflict. After Putin followed through with a nighttime strike against Ukraine, stock market futures sold off sharply. … Read more