A Remarkable Year Ends With Signature Stock Market Moments – The Market Breadth

A Remarkable Year Ends With Signature Stock Market Moments - The Market Breadth

Stock Market Commentary Signature stock market moments capped a remarkable year for the stock market. Two months of nearly relentless buying delivered a stunning 70% of the gains for the S&P 500 in 2023 after bulls exploded out of oversold trading conditions. Housing-related stocks soared even more as financial markets celebrate the presumed end of … Read more

First Strike Against the Stock Market Rally – The Market Breadth

first strike against the rally

Stock Market Commentary The rally out of the stock market’s last oversold period finally suffered its first strike today as a strong open fizzled into some important fades. The S&P 500 and the NASDAQ tapped highs of the year only to fail into marginally negative closes. Most importantly, market breadth perfectly tapped the threshold for … Read more

Retail Turns A Corner for Black Friday – The Market Breadth

Retail Turns A Corner for Black Friday

Stock Market Commentary The stock market continued its inflation celebration last week with a surge on Monday. The buying momentum abated from there as the holiday-shortened week rolled into Thanksgiving and then Black Friday. Even though NVIDIA (NVDA) stole the earnings spotlight for the week, the U.S.’s most storied day of shopping set the stage … Read more

A Stalemate Locks In the Pricing Action – The Market Breadth

stalemate (Credit: stalemate by ALEXMOFFAT1 on Flickr)

Stock Market Commentary Last week was a time to avoid staring too hard at the day-to-day pricing action. The major indices were pretty much locked into a stalemate. Two breakouts were followed by two breakdowns. From a wider perspective, a stalemate has effectively been in place since mid-August. Despite my expectations, last month’s Jackson hole … Read more

Riding the Bitcoin Trend: Buy-the-Dip Strategy for BTC/USD

On Friday, September 7, at 9:30 a.m., a parachute test for a future mission to Mars successfully launched on a NASA Black Brant IX suborbital sounding rocket from Wallops Flight Facility. The rocket carried the Advanced Supersonic Parachute Inflation Research Experiment (ASPIRE) from NASA's Jet Propulsion Laboratory (JPL) in Pasadena, California. The payload is a bullet-nosed, cylindrical structure holding a supersonic parachute, the parachute's deployment mechanism, and the test's high-definition instrumentation, including cameras, to record data. The payload descended by parachute and splashed-down in the Atlantic Ocean 28 miles from Wallops Island. The parachute was successfully recovered and returned to Wallops for data retrieval and inspection.

Bitcoin Uptrend Analysis The trend is a friend for Bitcoin (BTC/USD) again. All three of the major moving averages are pointing upward for Bitcoin. This synchronization of the 20-day moving average (DMA), 50DMA, and the 200DMA supports a buy-the-dip strategy after the big March breakout in the wake of the banking Panic of 2023. Assuming … Read more

The Latest Lap On the Generative AI Trade

AI race (Credit: Fuyoh! on Flickr)

Stock Market Commentary: The trade on Generative AI took a surprising turn last week as investors and traders rushed to related names as if they offered safety from the banking Panic of 2023. Some stocks shot straight up for the week. The renewed interest surprised me because I just happened to write about this trade … Read more

A Seesaw Between Resistance and Support – The Market Breadth

seesaw (Credit: lovlibovli on Flickr)

Stock Market Commentary: The stock market this month has teetered on a seesaw alternating from resistance to support. The rapid back and forth makes it too easy to overinterpret both ends of these swings. However, a slow and steady convergence of resistance and support levels portends a potential big move ahead. Active and high volume … Read more

Overbought’s End Brings Trouble Ahead of CPI – The Market Breadth

Stock Market Commentary: Last week ended the overbought period with a relatively strong report on initial claims for unemployment. The stock market – still freshly stung with the memory of the previous week‘s exceptionally strong jobs report – sold off sharply in response to the good economic news. A stubbornly resilient labor market continues to … Read more