CDW

Now Overbought, the Summer of Loving Stocks Stares Down the Fed – The Market Breadth

stares down (Credit: Animal Kingdom - The Stare Down by Jeff Krause Photography on Flickr)

Stock Market Commentary On Thursday, good economic news scared Wall Street yet again. Initial jobless claims came in well below “expectations” and set off a cascade of reactions. Interest rates shot up and the stock market dropped down. The stubborn strength of the labor market allows the Federal Reserve to stay hawkish and keep its … Read more

Wake Me Once the Market’s Sleepwalking Ends – The Market Breadth

sleepwalking (Credit: Photocapy on Flickr)

Stock Market Commentary: The no worries stock market is sleepwalking its way through April. The major indices are stuck in tight ranges near or at key technical resistance and support levels. Yet, market breadth remains relatively low as many of the big market leaders hold up the tent. Meandering economic data induces some of this … Read more