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 The Stock Market Summary I focused on two major developments during the past week of trading: the reemergence of oil and the skittishness of the AI trade. The resumption of the war against Iran nudged oil higher after multiple attacks against oil tankers had already brought an end to oil’s weeks-long … Read more
The Market Breadth Summary The Stock Market Summary After months of bearish market breadth, the downtrend ended with a surprising bullish divergence. The stock market quickly transitioned from a bearish to bullish divergence thanks to a rotation away from high tech and AI-related stocks and into small caps, consumer-facing stocks, and others. Micron Technology’s earnings … Read more
The Market Breadth Summary The Stock Market Summary Juneteenth symbolizes the tension between hopes and dreams and the realities required to achieve them. That same tension was evident across financial markets last week. The same theme of hopes and dreams contrasting with reality played out in the financial markets this past week. Over the past … Read more
The Market Breadth Summary The Stock Market Indices Last week was largely about the SpaceX IPO (SPCX) and the anticipation surrounding the debut. The stock priced at $135 and a $1.75 trillion market cap, opened at $150, traded almost as high as $177, and closed at $160.96 on 521.8M in trading volume. If SPCX eventually … Read more
The Market Breadth Summary The Stock Market Indices Last week, retail and software stocks ignited, and the usual AI-related suspects also participated in the rally. Yet the advance unfolded beneath persistently weak market breadth, leaving a notable disconnect between price action and participation. The software rally is particularly interesting and gratifying to me given I … Read more