Market Calm Returns Following One-Day Trade Shock – The Market Breadth

The S&P 500 (SPY) confirmed resistance after it moved away from the first post-election close line, failing to confirm a breakout for the second time.

Stock Market Commentary This week brought a return of market calm across the stock market following a sharp but brief trade-induced shock. The episode began with President Trump’s threat of significant tariffs on Europe (and foreign-made iPhones), which rattled the market. However, that fear evaporated after Trump walked back his threats with a 90-day pause … Read more

Market Calm Shattered – Tariff Shock Hits S&P’s Critical Support – The Market Breadth

AT50 (MMFI) confirmed overbought resistance and closed the gap higher from the China trade war ceasefire. This rejection is bearish by itself but support for the indices remains intact.

Stock Market Commentary A market calm emerged thanks to a pause on reciprocal tariffs and then a ceasefire in the US vs China trade war. This market calm shattered as a new tariff shock came in the form of President Trump threatening the European Union (EU) with a 50% tariff while at the same time … Read more

Right Back to Where the Tariff Drama Began – So All Is Well? – The Market Breadth

Right Back to Where the Tariff Drama Began - So All Is Well

Stock Market Commentary The stock market is right back to levels seen right before the entire tariff trauma and drama unfolded, but does this reversal mean all is well? Confirmation awaits the next breakouts. The April jobs report appeared to provide additional relief to the stock market. The U.S. economy added 177,000 jobs and the … Read more