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Overbought Conditions Steepen With Bullish Anticipation – The Market Breadth

steepen (Credit: Skyrush climbing the lift hill by Intamin10 on Flickr)

Stock Market Commentary: The stock market had quite a bullish week especially considering another Federal Reserve meeting is right around the corner. The week started with a push into overbought conditions and buyers proceeded to slowly steepen overbought conditions the rest of the week. I am quite surprised by this bullish anticipation ahead of the … Read more

The Market’s Ceiling Moves From Resistance to Support – The Market Breadth

resistance to support (Credit: Girls on trampolines by Bryan Peters on Flickr)

Stock Market Commentary: What was resistance for over two months is slowly becoming support for the stock market. The bullish trading action of the last week created an important breakout that confirmed the bottoming action from the previous week’s bullish engulfing pattern. While the stock market may continue to chase its tail before fighting its … Read more