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 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 Well, it had to happen. I did not know when, how, or just how bad it would be, but at some point the stock market had to cool off. This past week delivered a cooling of all coolings as bears decided to seize the narrative back from … Read more
The Market Breadth Summary The Stock Market Indices Early in the week, the market looked ready to confirm a deeper bearish phase as market breadth broke down and selling accelerated. I felt validated in my bearish call for the first two days of the week. However, the bears quickly lost the narrative from there. Buyers … Read more
The Market Breadth Summary This is the week I finally had to turn bearish on the stock market. The warning signs have piled up too high for me to continue ignoring them. The momentum in the S&P 500 and NASDAQ has been incredibly strong, and that momentum kept me from making this call earlier. However, … Read more