Market Fears Expand: War, Soaring Oil, Lost Jobs, AI Tops Out – The Market Breadth

volatility index (VIX)

The Market Breadth Summary Stock Market Commentary Market fears expanded last week as converging headwinds took their toll on a market that insists on buying every dip. The best example of buying persistence came with the market’s first regular trading session after the U.S. and Israel attacked Iran. The S&P 500 gapped down at Monday’s … Read more

The S&P 500 Broke Down Just As the Stock Market Hit Extremes – Above the 40 (May 12, 2021)

AT40 (T2108) plunged from 59.7% to 38.1% in 3 days for its lowest close in 6 months.

Stock Market Commentary The S&P 500 (SPY) finally broke down and succumbed to the selling pressure building up in the stock market. A “surprise” surge in inflation as measured by the Consumer Price Index (CPI) delivered the headline catalyst for a day of broad-based selling. Given market breadth was already in the process of narrowing, … Read more