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 It was an unfavorable day in the stock market, as I anticipated in “Small Cap Stocks Uncork Oversold Conditions.” The following post is a summarized transcript of a “show and tell” video I posted to talk through the accumulating extremes in this oversold market. I used ChatGPT to help with the clean-up. … Read more
Stock Market Commentary The last quarter of the year and the third of the stock market’s most dangerous months started off with a swirl of signals. Each of the three major indices exhibited its own behavior. Small cap stocks plunged and uncorked oversold trading conditions. The S&P 500 clung to flatline. The NASDAQ happily shot … Read more
Stock Market Commentary Oversold trading conditions await no more. The stock market went over hard and dropped into oversold territory with a sinking feeling. Important support levels broke down, interest rates continued to surge, the U.S. dollar continued to race higher, and, returning to a theatre near you for yet another dreadful showing is Groundhog … Read more
Stock Market Commentary A week ago, buyers did their best to push against topping stock indices by restarting overbought conditions. That overbought period lasted just 3 days as a Fitch downgrade of U.S. Treasury debt freshly cooled the summer of loving stocks. The resulting selling confirmed topping conditions and greased the skids of the stock … Read more
Stock Market Commentary The summer of loving stocks survived its first major test. The numbers for the first half of the year put an exclamation on a rally that has defied most expectations. The S&P 500 (SPY) had its 12th best first half since at least 1933 (per Cater Braxton Worth) with a 15.9% gain … Read more