Invesco S&P 500 Equal Weight

Damage from the AI Trade Weighs on Market Breadth

The Percent of Stocks Above 50 Day Average (AT50) gapped to a 3-week high before fading sharply to a loss that maintained the primary downtrend.

The Market Breadth Summary The Stock Market Summary Damage from the AI trade drove the NASDAQ to its worst weekly decline since June. A convergence of events and headlines has brought the market to another critical juncture, this time in the last of the stock market’s most dangerous months of the year. The renewed tech … Read more

Oversold Conditions Not Enough for A War Weary Market – The Market Breadth

oversold not enough for a war weary market

The Market Breadth Summary Stock Market Commentary Uncertainty is the theme for this market, extreme uncertainty in geopolitics, economic conditions, monetary policy, and domestic politics. The accumulated uncertainty has made the market war weary and exhausted buyers. This exhaustion dampens the potential for oversold conditions to deliver a meaningful bounce in the stock market. For … Read more