State Street Corporation

The Summer of Loving Stocks Loses July’s Gains – The Market Breadth

loses Julys gains (Credit: Lost puppy at window by Martin Cooper on Flickr)

Stock Market Commentary The summer of stocks looks like it is winding down as trading dynamics transition into the stock market’s most dangerous months. The complete reversal of July’s gains on the major indices represents the most ominous sign of the transition. Technology stocks in particular have flipped from rocketships to anchors weighing on the … Read more

A Breakout Week Ends with A Key Setback – The Market Breadth

key setback (Credit: Levee L550 Upper Breach Aerial of Setback Construction 4 by OmahaUSACE on Flickr)

Stock Market Commentary The stock market pushed into overbought conditions last week. After one follow-through day, small caps wilted and dragged down market breadth toward the overbought threshold. That key setback raises the stakes of the current earnings period. I will try to look through the likely “chop” in the trading action, to identify on-going … Read more