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: Broke Sharply The Stock Market Summary The S&P 500 rose fractionally for the week and hid some large market catalysts under the surface. Market breadth broke sharply from the S&P 500 with a large loss and return to the bottom of a trading range. A bearish breakdown in small caps provided … Read more
The Market Breadth Summary: AI Rebound The Stock Market Summary The stock market rapidly transitioned from an AI crash to all-time highs in less than one week. Strong earnings revived the AI trade, software joined the advance, and the major indices pushed back toward their all-time highs. Momentum faded in the middle of the week … 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 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