Is the Latest Topping Pattern Another Tease for the Bears? – The Market Breadth

Is the Latest Topping Pattern Another Tease for the Bears - The Market Breadth

Stock Market Commentary Is another tease for the bears underway? The current bullish rally has included so many temporary bearish signals that I had to stop using baseball metaphors to call strikes. Now, the latest bearish signal looks like the most ominous yet. In the wake of February’s job report, price action delivered a wicked … Read more

All Hail NVIDIA and A New Market Call – The Market Breadth

All Hail NVIDIA

Stock Market Commentary There is a deepening irony in my on-going bearishness on the stock market. The sector most visibly responsible for the anti-bearish animal spirits leaning against poor market breadth is the same sector I remain unapologetically bullish about: Artificial Intelligence (AI). The ironic contrast was in full display last week as the bullish … Read more

Tech Stocks Help Press the Limits of A Sentiment Shift – The Market Breadth

press the limits (Credit: Men Pushing Loaded Truck - Phulbagan - Kolkata 20180223161038 by Biswarup Ganguly on Flickr)

Stock Market Commentary Jackson Hole did not provide the market moving spark that I expected. Instead, soft economic news delivered the decisive interpretation of future monetary policy required to provide a fresh catalyst for stocks. The bullish spark caught me flat-footed as I was leaning into imminent oversold trading conditions. Fortunately, the sentiment shift was … Read more

Buyers Push Against Topping Indices, Restart Overbought Conditions – The Market Breadth

push (Credit: Uphill Push by the_alien_experience on Flickr)

Stock Market Commentary The stock market delivered a gift on Friday as I scrambled to de-risk following the Bank of Japan’s drama on monetary policy. I braced for selling into bearish pressure and instead was pleasantly greeted by a broad push higher for stocks from the open. After the dust settled on the day, I … Read more

Key Endorsements for the 2023 Run-Up In Stocks – The Market Breadth

endorsements (Credit: Air salute by The U.S. Army on Flickr)

Stock Market Commentary: The summer of loving stocks may have begun. In a list of debt ceiling winners and losers, Vox failed to list the stock market as one of the biggest winners. The lingering and residual angst accompanying the manufactured drama of the debt ceiling released its hold on the market’s bias to go … Read more

The Fed’s Hawks Escort Stocks Right Back to A Bear Market – The Market Breadth

hawk (credit Red-tailed Hawk by Jon David Nelson on Flickr)

Stock Market Commentary: For those desperately looking for the “Fed pivot”, today’s Federal Reserve statement on monetary policy disappointed with a validation of the breakdown leading into the Fed meeting. Fed Chair Jerome Powell was almost unrelenting from start to finish with his efforts to stay on message: inflation remains too high, and the Fed … Read more

Stock Chart Reviews – A Bear Market of Crushed Gems and False Hopes

Stock Market Commentary: A little over a month ago, the prospects of a bottom for this bear market got me a little more interested in individual stocks. Unfortunately, the bear market rubble expanded shortly after that. Amid the rubble are crushed gems and false hopes. These stock charts follow up on my initial reads and … Read more

Stock Chart Reviews – Sifting Trash & Opportunity In Bear Market Rubble

Stock Market Commentary: With the prospects of a bottom for this bear market, I am getting a little more interested in individual stock narratives. The bear market rubble is extensive. The gems are dispersed across a wide area. These stock charts provide one framework for sifting through the trash and the opportunity. {note: in this … Read more

Stock Chart Reviews – Snapshots of a Looming Global Wartime Economy

Stock Market Commentary Russia’s invasion of Ukraine has created massive human misery and a historic press of global economic sanctions. With war comes scarcity and the allocation of resources to destroying the resources of others. Financial markets are scrambling to adjust to the new global wartime economy. These charts are just a snapshot of some … Read more

Stock Chart Reviews – Snapshots of Survival from Descents Into Oversold Territory

Stock Market Commentary Trading with on-going headline risk is difficult for bulls and bears. I find it useful to pick a narrative, pick an anchor, and stay as disciplined as possible. My foundation remains with the principles of trading contrary to extremes. Last week, the market tested the extremes of oversold trading conditions and survived … Read more