The Magic of All-Time Highs – The Market Breadth

The Magic of All-Time Highs - The Market Breadth

Stock Market Commentary Last week delivered the magic of all-time highs. Another all-time high for the S&P 500 and the NASDAQ’s entry into the all-time high club provided a benign feel to the stock market. Financial markets even look like a safe haven from all the turmoil and trouble in the world. Investors and traders … Read more

Stock Bulls Taunt Suddenly Hesitant Bears – The Market Breadth

Stock Bulls Taunt Suddenly Hesitant Bears

Stock Market Commentary A decisive end to the extended overbought period signaled the arrival of bearish conditions last week. Bears boldly sold for one more day before a “stock bulls taunt” forced suddenly hesitant bears into a partial retreat. A sharp market divergence is now taking hold. While the major indices rallied off support and … Read more

The Summer of Loving Stocks Loses July’s Gains – The Market Breadth

loses Julys gains (Credit: Lost puppy at window by Martin Cooper on Flickr)

Stock Market Commentary The summer of stocks looks like it is winding down as trading dynamics transition into the stock market’s most dangerous months. The complete reversal of July’s gains on the major indices represents the most ominous sign of the transition. Technology stocks in particular have flipped from rocketships to anchors weighing on the … Read more

Stock Chart Reviews – Snapshots of Digital Lows and Material Highs

Stock Market Commentary My bullishness waned with last week’s manic trading action. I called the resulting patterns choppiness toppiness to reflect a biding sense that the market is churning out some kind of lasting top. Still, under the surface of the churn is a fresh divergence. The stock market is full of digital lows and … Read more

Warnings from Early Divergences in the Oversold Bounce – Above the 40 (July 23, 2021)

Stock Market Commentary The oversold bounce last week exceeded my expectations. I did not expect the week to end with the S&P 500 and the NASDAQ hitting fresh all-time highs. Both indices seemed to offer limited upside for trading oversold conditions.The oversold bounce also disappointed me. I looked to beaten up stocks as the source … Read more

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

The Follow-Through: Churning While the S&P 500 (SPY) cruised higher all week, much of the rest of the market resigned to churning. The dichotomy of a market rebound versus the wounds left to heal continued to play out. Many of the follow-through trades for this week churned with the rest of the stock market. See … 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

Secondary Lessons: Celsius Holdings Stock

In just a few days, I transitioned from being completely unaware of Celsius Holdings (CELH) to lamenting my chance encounter with the fitness beverage company. Celsius Holdings caught my interest last week after breaking out to an all-time high. After CELH pulled back 15.1% off an all-time high, I made a fresh case for buying … Read more

The Follow Through Premiere: A Video Narration for the Latest Stock Charts

The Follow Through Intro In this premiere edition of “The Follow Through”, I review the latest trading developments in stocks and indices covered in my last Above the 40 blog post: “No Deal for a Confirmation of the Market Breadth Breakout.” This format will focus on video as a quick way of sending out new … Read more

No Deal for a Confirmation of the Market Breadth Breakout – Above the 40 (June 4, 2021)

Stock Market Commentary I fully anticipated follow-through to the breakout of market breadth that started trading last week. Instead, trading on the major indices wavered going into a mini pullback on Thursday. As a result, Friday’s rally following the May jobs report failed to generate a confirmation of the market breadth breakout. With job creation … Read more