Stocks Stand By While China and Yen Surge – The Market Breadth

stand by (Credit: Mark Hodson Photos, www.101holidays.co.uk)

Stock Market Commentary The U.S. stock market hardly reflected last week’s action-packed news. China scrambled to address a weakening economy with a massive stimulus program with news rolling nearly all week. In Japan, voters elected a Prime Minister who favors a stronger currency in the Japanese yen (FXY). Capping the anti-climactic feeling in U.S. stocks, … Read more

Extended Oversold Period Ends With Important Breakout – The Market Breadth

Stock Market Commentary: Federal Reserve Chair Jerome Powell reminded the market one more time about the Fed’s determination to fight inflation with normalized monetary policy, and the market cared for the briefest of moments. After the anti-inflation dust settled, the major indices closed trading on a strong note. For example, the extended oversold period came … Read more