Trading While Trouble Abounds – The Market Breadth

trouble abounds (Credit: Sad Dog by Ink Hog, https://www.flickr.com/photos/34191996@N07/3859862007)

Stock Market Commentary “This may be the most dangerous time the world has seen in decades.” This statement from Jamie Dimon, CEO of JPMorgan Chase (JPM), concluded his commentary on the bank’s Q3 earnings report. These words on Friday morning fittingly concluded a sobering week that started with tragedy and war raging in Gaza and … Read more

Oversold Ends With A Dimon Push and A Snap Pull – The Market Review

Stock Market Commentary: “The U.S. economy remains fundamentally strong, despite recent mixed data. Recent developments have increased the risk of a future adverse outcome. Our fortress principles are designed to withstandany operating environment.” JP Morgan Chase & Co (JPM), Investor Day 2022, Firm Overview, page 12 Starting from oversold conditions, the market was looking for … Read more

Follow-Through Trades: Housing Drags, Tech Brags

The Follow-Through Intro The biggest follow-through trades from “Key Stock Sectors Missed A Breakout In Market Breadth – Above the 40” (June 11, 2021) erupted in the housing-related plays. Big cap tech looks more ready than ever to reestablish its leadership position over the market. The stock market had an initial negative reaction to the … Read more

Stock Buyers Snapped Back But Failed to Crack An Important Downtrend – Above the 40 (April 23, 2021)

Stock Market Commentary The week began with two straight days of selling for the stock market. Almost everything was in place for a real pullback. Although the S&P 500 (SPY) was less than 2% off its all-time high, my favorite measure of breadth in the stock market, AT40 (T2108), the percentage of stocks trading above … Read more

A Two-Speed Stock Market Remains on Edge – Above the 40 (July 2, 2020)

Stock Market Statistics AT40 = 53.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 25.6% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market the previous week looked strong enough to eventually take trading conditions … Read more

Financials Struggle At All-Time Highs

This post is essentially an addendum to “Resilience Cracks: Market’s Bearish Divergence Ends In Topping Pattern.” Financials in the form of the SPDRS Select Sector Financial ETF (XLF) finally achieved an all-time high last month. XLF jumped on December 12, 2019 and trickled higher to the all-time high from there. Since that point, XLF has … Read more

Fed Minutes Put A Bow On Earlier Fedspeak on Rate Hikes

“Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen, and inflation making progress toward the Committee’s 2 percent objective, then it likely would be appropriate for the Committee to increase the target range for the federal funds rate in June…Some … Read more

It Only Takes 5 Million Dollars To Buy A Home

This is an excerpt from an article I originally published on Seeking Alpha on February 5, 2013. Click here to read the entire piece.) {snip} In previous pieces on the real estate market, I have referenced how cash buyers and buyers with very high credit scores have provided the main buying power in the housing … Read more

Following The Insider Buy of 2012: Dimon Increases JPMorgan Chase Holdings By 18%

(This is an excerpt from an article I originally published on Seeking Alpha on July 24, 2012. Click here to read the entire piece.) I have been trying to create a shopping list of stocks for any sell-offs in the next month or so as plays on trading the final months going into November’s presidential … Read more

T2108 Update (June 11, 2012) – False Hope and A Fade

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 24.2% VIX Status: 23.6 … Read more