Overbought Trading Conditions, Yet Still Bullish – The Market Breadth

Overbought Trading Conditions, Yet Still Bullish

Stock Market Commentary We made it through another week without any major negative headlines impacting the stock market. Although late-breaking news took futures down due to Moody’s dropping the U.S. from its top credit rating, marking the loss of the last top-tier assessment of U.S. government debt, I expect the market impact to be minimal. … Read more

From One Cliffhanger to the Next: A Breakout to the Overbought Threshold – The Market Breadth

From One Cliffhanger to the Next - A Breakout to the Overbought Threshold - The Market Breadth

Stock Market Commentary The stock market resolved one cliffhanger, a hovering just below resistance at 200-day moving averages (DMAs) on the major indices, and moved on to another. A large surge in reaction to a pause in China vs U.S. trade hostilities sent the major indices gapping right over resistance and directly into the overbought … Read more

A Cliffhanger Under (200DMA) Resistance – The Market Breadth

A Cliffhanger Under (200DMA) Resistance - The Market Breadth

Stock Market Commentary The market ended the week on a quiet cliffhanger as major indices hovered under critical resistance levels. A defining theme was the muted reaction to major headlines, particularly around trade and stagflation risks. Despite the looming shadow of stagflation – a term not explicitly mentioned but clearly implied in last week’s Fed … Read more

Oh So Close to An End to This Oversold Trading Period! – The Market Breadth

Oh So Close to An End to This Oversold Trading Period

Stock Market Commentary We finally got a breather: a calm weekday and a holiday for both the US stock and bond markets. The break felt more relieving than even the tariff pause, a sign of just how tense things have been in the markets. Market breadth was my major headline as twice in the week, … Read more

NVDA and the Fed Lock In Overhead Resistance As Gold Soars – The Market Breadth

NVDA and the Fed Lock In Overhead Resistance As Gold Soars

Stock Market Commentary Overhead resistance once prevailed over expanding market breadth, particularly over the past two trading sessions. The dominant headline was Federal Reserve Chair Powell’s warning about the difficult scenario facing the Fed due to tariffs. I interpreted his message as an intention to avoid responding as long as possible. For a market pricing … Read more

A Strong Week After Tariff Rumors and Relief – The Market Breadth

bad news is good news (Credit: Yi Chen, The Skeptical Chihuahua, Taipei, on Flickr)

Stock Market Commentary The tariff rumors proved true after all. The green shoots of Monday that grew alongside the rumor of a pause presaged Wednesday’s massive relief from a real blink on tariffs. Those historic gains were large enough to generate a strong week broadly across the stock market. Still, as more blinking and backing … Read more

Bullish Engulfing Green Shoots On A Rumor-Inspired Day – The Market Breadth

Bullish Engulfing Green Shoots On A Rumor-Inspired Day

Stock Market Commentary The trading week started with a powerful jolt to the market. The major catalyst was a rumor that President Trump was considering a 90-day delay on tariffs, triggering a nearly 30-minute, $2.5 trillion rally. While ultimately unfounded, the rumor represented the kind of response markets expect: when financial markets panic, policy-makers panic. … Read more

A Rolling Crash Deepens Oversold Conditions to New Extremes – The Market Breadth

A Rolling Crash Deepens Oversold Conditions to New Extremes

Stock Market Commentary A good friend of mine introduced me to the phrase – now we’re cooking with gas! In today’s context, this phrase refers to some startling developments in the rolling crash in the stock market. The technical damage was thorough, unrelenting, and nearly merciless. Chaos in economic policy chaos has fully transferred into … Read more

Finally Oversold! … But So What? – The Market Breadth

oversold - but so what

Stock Market Commentary Today was a brutal day in the stock market. The only good news I can report is that market breadth finally dropped into my official oversold territory. However, “so what?” sounds like an appropriate question to ask in the face of deepening market angst over tariffs. For example, a headline from Yahoo … Read more

In A Bear Market There Is NO SUPPORT! – The Market Breadth

In A Bear Market There Is No Support

Stock Market Commentary There is no support in a bear market. The market is extremely volatile, and conditions are changing daily. The market is showing clear signs of weakness, with all major trends pointing downward. The mixed messages from yesterday (Thursday) are converging more clearly on the messages of a bear market. The long-term, mid-term, … Read more