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A Breakout Week Ends with A Key Setback – The Market Breadth

key setback (Credit: Levee L550 Upper Breach Aerial of Setback Construction 4 by OmahaUSACE on Flickr)

Stock Market Commentary The stock market pushed into overbought conditions last week. After one follow-through day, small caps wilted and dragged down market breadth toward the overbought threshold. That key setback raises the stakes of the current earnings period. I will try to look through the likely “chop” in the trading action, to identify on-going … Read more

Shift Technologies Keeps the COO In Park, Can It Jumpstart the Stock?

Based on its last earnings report, used car company Shift Technologies, Inc (SFT) reads fine as a company. However, the stock is as ugly as can be. The only company-specific catalyst I could find to assign blame was the expiration of a lock-up on insider shares earned from warrants. There is little reason to expect … Read more

Strong Start, Bearish End for September – The Market Breadth

Stock Market Commentary The strong start to September which characterized the persistent complacency in the stock market soon gave way to the kind of selling that characterizes one of the most dangerous months of the year. September came to a bearish end with a 4.8% loss on the month for the S&P 500. The index … Read more