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

Retail Stocks Underline Market’s V-Shaped Recovery from Calamity – The Market Breadth

The S&P 500 (SPY) has made a near full recovery back to all-time highs, bouncing back from the early August calamity.

Stock Market Commentary The stock market’s V-shaped recovery finished reversing most of the losses from the August calamity. Small caps are once again the laggards. During this recovery the market swung from recessions fears to recession relief. The prospects for interest rate cuts no longer seemed to matter on either side of the V-shape. The … Read more

Historic Tech Outage Punctuates the End of Overbought Conditions – The Market Breadth

Historic Tech Outage Punctuates the End of Overbought Conditions – The Market Breadth

Stock Market Commentary Last week ended with an historic tech outage that took down operations around the globe. This event was a poetic punctuation to a week that featured a sharp and toppy end to overbought conditions. The stock market’s tech outage features blow-off tops, double-tops, and some key breakdowns in individual stocks. Still, while … Read more

Semiconductor Setbacks Bolster Market Breadth – The Market Breadth

Semiconductor setbacks: VanEck Semiconductor ETF (SMH) dipped by 3% away from its all-time high and reached for 20DMA support.

Stock Market Commentary The S&P 500 (SPY) is up 3.0% since summer trading began the day after the Memorial Day weekend. If not for the poor market breadth, the rally would look like a repeat of last year’s summer of loving stocks (sorry sell in May and go away folks). Semiconductor stocks, particularly NVIDIA Corporation … Read more

Did Retail Save the Market from An NVDA Hangover? – The Market Breadth

The SPDR SP Retail ETF (XRT) bounced away from 50DMA support and provided relief from an NVDA hangover.

Stock Market Commentary A plunge in market breadth on Wednesday made me expect a more bearish take on the markets for my next blog post. A sharp rebound led by strong earnings from various retail companies, quickly changed the narrative from a continued NVDA hangover to a bullish divergence and then a bullish setup. Friday’s … Read more

Index All-Time Highs Prime the Pump for NVDA Earnings – The Market Breadth

Index All-Time Highs Prime the Pump for NVDA Earnings (Credit: The Pulse - https://www.chattanoogapulse.com/local-news/automotive/gas-prices-fall-sharply-over-the-past-week-dropping-ne/)

Stock Market Commentary The simple and quiet breakout for the stock market found follow-through last week. Both the S&P 500 and the NASDAQ hit fresh all-time highs during the week. The April CPI (consumer price index) report paved the way on Wednesday’s all-time highs. A softer than “expected” number revived hopes for a rate cut … Read more

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