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 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
Stock Market Commentary: The summer of loving stocks is facing its first real test. In the middle of the week, the rally finally failed at the threshold of overbought market breadth. The stock market closed the week with market breadth confirming the end of the primary rally and the start of an important test of … Read more
Stock Market Commentary: The bulls were right at the frontier of overbought trading. The threshold defining overbought market breadth held firm and punched sentiment out of bullish territory. While this development is typically bearish, the summer of loving stocks still has uptrends supporting the potential for buying dips at moving averages. This is a time … Read more