Overbought Conditions End with Blow-Off Tops – The Market Breadth

blow-off top (Credit: Giuseppe Milo, Giuseppe Milo Geyser - Iceland - Black and white street photography, https://www.flickr.com/photos/87690240@N03/23894931910)

Stock Market Commentary The latest overbought period lasted two days, a typical duration. However, the start of the period was atypical given the fuel from historic heroics from small cap stocks. The end of the overbought period was remarkable by delivering some of the clearest topping signals of the year. Key indices that soared into … Read more

New Stock Rotations Pressured Market Breadth – The Market Breadth

Stock Market Commentary August was a breeze, and the stock market strolled in September. A few pebbles rolled into the path this week. The indices delivered divergent behavior which brings up familiar themes of rotation. Most notably, the rotations pressured market breadth as small caps in particular displayed fresh signs of weakness. The Stock Market … Read more

The Stock Market Breezed Through August and Strolls Into September – The Market Breadth

Stock Market Commentary The stock market breezed through August and now strolls into September. The S&P 500 breezed to a 2.9% gain for the month of August, its seventh month in a row of gains. The NASDAQ breezed even higher with a 4.0% gain for August. The stroll into September ignored the disappointment in the … Read more