IRBT

Q2 Ends As A Quarter of Notable Divergence – The Market Breadth

AT50 (MMFI) continues to churn, failing to fall further below its low of the month.

Stock Market Commentary In Q2, the S&P 500 (SPY) enjoyed a 2-month rebound from an April sell-off. The index ended Q2 with a 3.9% gain. The stock market as a whole ended Q2 with a notable divergence in which market breadth, long maligned for the quarter, suddenly improved despite bearish topping patterns appearing on both … Read more

Did NVIDIA’s Earnings Surge to All-Time Highs Trigger Stock Market Exhaustion? – The Market Breadth

AT50 (MMFI) reversed almost half its gains from May after falling short of the overbought threshold.

Stock Market Commentary I looked to last week’s earnings from NVIDIA Corporation (NVDA) with great anticipation. The indices gathered momentum with all-time highs and seemed to point to a big moment for NVDA. NVDA did indeed have a big moment, but it helped precious few. In fact, NVDA’s gain looked like a net loss. Buyer’s … Read more