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

Oh So Close to An End to This Oversold Trading Period! – The Market Breadth

Oh So Close to An End to This Oversold Trading Period

Stock Market Commentary We finally got a breather: a calm weekday and a holiday for both the US stock and bond markets. The break felt more relieving than even the tariff pause, a sign of just how tense things have been in the markets. Market breadth was my major headline as twice in the week, … Read more

A Fragile Rebound Creates Mixed Messages – The Market Breadth

A Fragile Rebound Creates Mixed Messages - The Market Breadth

Stock Market Commentary The stock market presented mixed messages amidst ongoing volatility. While a “softer than expected” CPI report presumably triggered an initial fragile rebound, I see persistent underlying weakness. Apple Inc. (AAPL) represents this fragility with a continued bearish breakdown casting a shadow over the broader market. Apple Inc. (AAPL) declined 1.8% and confirmed … Read more

Market Breadth Firms to Start the Year – The Market Breadth

AT50 (MMFI) set a new low for 2024 before firming to start the year.

Stock Market Commentary The new year of 2025 got off to a rocky start with the weight of the last Federal Reserve decision on monetary policy pushing fresh losses across the indices. I assumed this price action signaled the market’s readiness to cash in on the capital gains that it did not want to register … Read more