How Declining Market Breadth Delivered A Beating On Stocks – Above the 40 (July 16, 2021)

Stock Market Commentary The stock chickens have come to roost on declining market breadth. The stock market indices still generally appear fine, but an ever growing swath of individual stocks have fallen further and further behind. Last week in particular, sellers delivered an extended beating on individual stocks. The signs of waning confidence in the … Read more

Follow-Through Trades: The S&P 500 Left Churning Stocks Behind

The Follow-Through: Churning Stocks and Indices Covered S&P 500 (SPY) Nasdaq (COMPQX) iShares Trust Russell 2000 Index ETF (IWM) volatility index (VIX) Allegheny Technologies Incorporated (ATI) Australian dollar vesus Japanese yen (AUD/JPY) Boise Cascade L.L.C. (BCC) Carmax (KMX) Caterpillar Inc (CAT) Celsius Holdings (CELH) Corning Incorporated (GLW) Etsy (ETSY) Financial Select Sector SPDR Fund (XLF) … Read more

A Strong Market Rebound that Failed to Heal All Wounds – Above the 40 (June 25, 2021)

Stock Market Commentary Even the Federal Reserve must sit back and marvel as the S&P 500 (SPY) refuses to rest for long. Post-Fed handwringing sent the stock market into a period of doubt over previous assumptions of inflation fears. The previous week even ended with oversold conditions looming. However, as is the case with so … Read more