Applied Material

Weak Jobs Report Pulls the Stock Market From Oversold’s Edge – The Market Breadth

weak jobs report pulls the stock market from oversold's edge

The Market Breadth Summary The Stock Market Summary Last week started with a major market tension: levitating major indices versus plunging market breadth. The week ended with little resolution as tech stocks, mostly AI-related, reaffirmed the bullish posture of the S&P 500 and the NASDAQ while bond yields maintained a persistent rally that imperils Friday’s … Read more

S&P 500’s Slide Slows Amidst A Sludge of Apathy

After tumbling hard last week out of severely overbought conditions (T2108 is now at a comfortably neutral 55%), the S&P 500’s slide has slowed against what looks like a sludge of apathy. Volume has quickly dried up since last Wednesday’s 2.8% loss and now stochastics suggest the S&P 500 is oversold. I suspect the stock … Read more