META

Market Breadth Last Did This 17 Months Ago

AT50 (MMFI) closed right on top of the overbought threshold. You just can't make this stuff up. Market breadth was last at these levels 17 months ago.

Stock Market Commentary: Market breadth was last this high 17 months ago. At that time, my favorite technical indicator was on its way down as a part of another buy-the-dip moment for the pandemic-inspired rally in the stock market. This time, market breadth is sitting right on top of the threshold of overbought conditions. The … Read more

What Recession? Market Shows Love As Apple Leads the Way – The Market Breadth

What Recession?

Stock Market Commentary: Once again, Apple Inc (AAPL) became a poster child of market sentiment. When AAPL pulled away from resistance at its 50-day moving average (DMA) (the red line below), the move looked like a tease with bear market conditions still in force. Two weeks later, AAPL emerged vindicated as a 3.3% post-earnings gain … Read more