How Declining Market Breadth Delivered A Beating On Stocks – Above the 40 (July 16, 2021)

Stock Market Commentary The stock chickens have come to roost on declining market breadth. The stock market indices still generally appear fine, but an ever growing swath of individual stocks have fallen further and further behind. Last week in particular, sellers delivered an extended beating on individual stocks. The signs of waning confidence in the … Read more

Follow-Through Trades: Another Bounce from “Oversold Enough”

The Follow-Through Intro Stocks and Indices Covered S&P 500 (SPY) Nasdaq (COMPQX) iShares Trust Russell 2000 Index ETF (IWM) volatility index (VIX) AGNC Investment Corp (AGNC) Allegheny Technologies Incorporated (ATI) Applied Materials (AMAT) Australian dollar vs Japanese yen (AUD/JPY) Best Buy (BBY) BHP Group Limited (BHP) Corning Incorporated (GLW) DoorDash (DASH) Financial Select Sector SPDR … Read more

A Rare Stumble for the Stock Market As Oversold Conditions Loom – Above the 40 (June 18, 2021)

Stock Market Commentary The Federal Reserve seemed to change the rules of the game. To-date, easy money policies and stubborn dovishness in the face of rising inflation was a formula for higher asset prices, reflation and inflation-friendly trades, and even rising fears of an over-heating economy. Last week, Federal Reserve Chair Jay Powell shifted the … Read more

Fades and Breakdowns Contradict The Calm of the S&P 500 – Above the 40 (May 7, 2021)

Stock Market Commentary The stock market is a cauldron of contradictions and divergences. Breakdowns below key support levels abound. Stocks suffer post-earnings fades even after companies report strong results, especially in both beaten up growth stocks and resilient big cap tech. Yet, the S&P 500 just rises above the steady erosion of market breadth with … Read more