ORCL

Cracks Widening in the Stock Market – The Market Breadth

cracks widening in the stock market - the market breadth

Stock Market Commentary I am seeing more and more cracks widening in the stock market, and I am getting increasingly concerned. I am trying to stay bullish because the seasonally strong period has started for the stock market. However, after such a strong August, strong September, and strong October, each of which is historically one … Read more

Buyers Fight Off AI Bubble Fears With A Partial Rescue from Breakdowns – The Market Breadth

AT50 (MMFI) broke down to a 7-month low and churned throughout most of the week.

Stock Market Commentary Media coverage of bubble talk in AI has become increasingly urgent and loud in recent months. Legendary short seller Michael Burry seemed to ring the clarion call when news dropped on Tuesday (November 4) about a massive bearish bet against NVIDIA (NVDA) and Palantir (PLTR). NVDA fell 4.0% that day. The downward … Read more

Still On Breadth’s Edge of A Breakdown – The Market Breadth

AT50 (MMFI) closed at 41.4%, holding barely above its prior low, showing short-term market breadth remained fragile at breadth's edge.

Stock Market Commentary The stock market started the week in familiar melt-up mode, supported by a (temporary) thaw in the economic war between the U.S. and China. Optimism persisted until the Federal Reserve weighed in with its latest announcement on monetary policy, when Chair Jerome Powell balked at the idea of a December rate cut. … Read more

In Search of Reasons to Hold Advanced Micro Devices

Advanced Micro Devices (AMD) soared on news of a big deal with OpenAI but has yet to close at a new all-time high.

Exactly one month ago, I explained I would stick with Advanced Micro Devices (AMD) despite disappointing weakness in shares. I looked through the short-term bearish signal of a technical breakdown (below the 50-day moving average (DMA)) and pinned my expectations on AMD continuing to catchup with a red hot, AI-driven semiconductor industry. When AMD soared … Read more

The Melt-Up Continues As Rate Cuts Beckon – The Market Breadth

the melt-up continues as rate cuts beckon - the market breadth

Stock Market Commentary The stock market leaned into a melt-up as a constant stream of IPOs signaled risk-on appetite even as a massive downward revisions in jobs in the 12 months through March, 2025 implied more than expected economic weakness ahead. Rate cuts beckon as a result of this broadening weakness, and Wall Street has … Read more