A Familiar Theme As Indices Leave Latest Troubles Behind – The Market Breadth

Stock Market Commentary Two weeks ago I wrote how a “A DeepSeek Dive and A Tariff Toll” created the next shift in the market’s technical outlook. I stepped back from a bullish position on the market as a result. Now, a familiar theme has unfolded with the stock market looking ready to leave its latest … Read more

A Market Breadth Breakdown Belies Tech Strength – The Market Breadth

A Market Breadth Breakdown Belies Tech Strength – The Market Breadth (Source: Kecko on Flickr at https://www.flickr.com/photos/70981241@N00/16394025055)

Stock Market Commentary Inflation was the big story last week. I covered the details in “Bonds Try to Weigh on A Market Trying Harder to Look Past Stabilizing Inflation“. The stock market had a curiously mixed reaction that highlighted an on-going bearish divergence for the month of December. A market breadth breakdown contradicted impressive strength … Read more

A Lazy Holiday Week Sets Up December Buys – The Market Breadth

The S&P 500 (SPY) began to stagnate but still hit new all-time highs.

Stock Market Commentary Holiday trading last week was deceptively lazy. The indices did a lot of churning, yet the S&P 500 and the ETF of small caps each made all-time highs at some point. A good number of individual stocks developed and followed through on bullish setups. For example, all week long, new highs greatly … Read more

Support Holds Firm Ahead of Holiday Week – The Market Breadth

Support Holds Firm Ahead of Holiday Week – The Market Breadth (Credit: David Kingham, https://www.flickr.com/photos/31583394@N04/8406338206)

Stock Market Commentary Imagine that. Key support holds firm across the major indices. A telling post-election reversal turned into proof positive that unrelenting bulls remain all-in for the stock market. Not even a further escalation in World War 3 brought pause to the rebounds off support (Russia fired an intermediate-range ballistic missile into Ukraine and … Read more

Trump Flips the Post-Election Script, The Fed’s Got Next – The Market Breadth

Trump Flips the Post-Election Script, The Fed’s Got Next – The Market Breadth (credit: https://members.asicentral.com/news/strategy/october-2024/what-i-voted-stickers-look-like-across-the-us-this-election/)

Stock Market Commentary Financial markets are supposed to act like discounting mechanisms which use the wisdom of the crowd to anticipate important events. The stock market stalled and then broke down ahead of the election. Excluding a last minute rush to buy on election day, I assumed the stock market might have a muted reaction … Read more