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

Overhead Resistance Looms Over Improving Market Breadth – The Market Breadth

Overhead Resistance Looms Over Improving Market Breadth- The Market Breadth

Stock Market Commentary And now car companies may soon receive tariff relief. The bewildering pace of change in tariff policy continued with an announcement that car companies may get tariff relief, and separate tariffs may be coming soon for semiconductors and pharmaceuticals. This on-going chaos remains a backdrop and a major wildcard to the trading … 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

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

Time for A Tariff Crash Trading Plan – The Market Breadth

Time for A Tariff Crash Trading Plan

Stock Market Commentary The stock market suffered experienced a jarring selloff during the announcement of reciprocal tariffs from President Trump, a move that, despite ample telegraphing, shocked both investors and global trade partners. The Futures dropped sharply, with even oil down 2.4% and the S&P 500 plunging as much as 3% after-hours. This tariff crash … Read more

Was Today FINALLY A Capitulation Day? – The Market Breadth

Was Today Finally A Capitulation Day in the Stock Market

Stock Market Commentary We closed out March and Q1 with a wild day of trading. As captured in a headline from Yahoo Finance, “Wall Street closes out worst quarter since 2022,” sentiment was deeply negative. Headlines about tariffs, economic troubles, and Coinbase’s (COIN) worst quarter since the FTX collapse added to the sense of dread. … Read more

A Bear Market Ends – The Market Breadth

The bear market ends for the S&P 500 (SPY) as it gapped higher and cleared major resistance from an area of agitation, closing just below key Election Day resistance.

Stock Market Commentary And so a bear market ends, for the S&P 500 at least. The stock market enjoyed a strong follow-through day supported by previous oversold conditions. To represent the most recent technical developments, I created a well-defined area for the bear market called the “area of agitation”. The S&P 500’s breakout above this … 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

A Fragile Rebound Creates Mixed Messages – The Market Breadth

A Fragile Rebound Creates Mixed Messages - The Market Breadth

Stock Market Commentary The stock market presented mixed messages amidst ongoing volatility. While a “softer than expected” CPI report presumably triggered an initial fragile rebound, I see persistent underlying weakness. Apple Inc. (AAPL) represents this fragility with a continued bearish breakdown casting a shadow over the broader market. Apple Inc. (AAPL) declined 1.8% and confirmed … Read more