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 Damage from the AI trade drove the NASDAQ to its worst weekly decline since June. A convergence of events and headlines has brought the market to another critical juncture, this time in the last of the stock market’s most dangerous months of the year. The renewed tech … Read more
The Market Breadth Summary The Stock Market Summary The stock market tentatively moved away from oversold’s edge. While small caps clung to critical support, the equal weight S&P 500 rallied most of the week and even ended its primary downtrend. The supportive moves prevented market breadth from revisiting the prior week’s lows even as the … Read more
The Market Breadth Summary The Stock Market Summary Last week started with a major market tension: levitating major indices versus plunging market breadth. The week ended with little resolution as tech stocks, mostly AI-related, reaffirmed the bullish posture of the S&P 500 and the NASDAQ while bond yields maintained a persistent rally that imperils Friday’s … Read more
The Market Breadth Summary: Nearly Broke The Stock Market Summary I am surprised that the stock market ended the week as well as it did given that early in the week rising interest rates nearly broke market breadth. Rising treasury yields followed higher oil prices and a worldwide sell-off in sovereign debt. The benchmark U.S. … Read more
The Market Breadth Summary: Breakout The Stock Market Summary The AI crash from July 29th feels like a distant memory. The subsequent breakout to all-time highs quickly erased the sting and returned the market to a rally that knows no obstacles. Now, market breadth has broken out and further confirmed the market’s underlying bullishness. Various … Read more