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Add A Fade From Resistance As A Fresh Bear Teaser – The Market Breadth

Another Bear Teaser With Bearish Engulfing Tops – The Market Breadth (Credit: Dr-Chomp, https://www.flickr.com/photos/14797480@N08/27444404625)

Stock Market Commentary Another week, another tease for bears. A fade from resistance joined market breadth in flagging bearish signals for the stock market. Yet, bears are hard-pressed to find a good risk/reward entry, especially considering the on-going uptrends for 2024. The latest confounder for bears has been the market’s general ability to ignore rising … Read more

Another Bear Teaser With Bearish Engulfing Tops – The Market Breadth

Another Bear Teaser With Bearish Engulfing Tops – The Market Breadth (Credit: Dr-Chomp, https://www.flickr.com/photos/14797480@N08/27444404625)

Stock Market Commentary Bearish engulfing patterns flag potential tops at the end of uptrends. They represent the potential exhaustion of buying power as price first opens above the previous day’s high and then closes below the previous day’s close. Thus, the latest round of bearish engulfing patterns in major indices and major stocks should be … Read more