A Rolling Crash Deepens Oversold Conditions to New Extremes – The Market Breadth

A Rolling Crash Deepens Oversold Conditions to New Extremes

Stock Market Commentary A good friend of mine introduced me to the phrase – now we’re cooking with gas! In today’s context, this phrase refers to some startling developments in the rolling crash in the stock market. The technical damage was thorough, unrelenting, and nearly merciless. Chaos in economic policy chaos has fully transferred into … Read more

Finally Oversold! … But So What? – The Market Breadth

oversold - but so what

Stock Market Commentary Today was a brutal day in the stock market. The only good news I can report is that market breadth finally dropped into my official oversold territory. However, “so what?” sounds like an appropriate question to ask in the face of deepening market angst over tariffs. For example, a headline from Yahoo … Read more

Time for A Tariff Crash Trading Plan – The Market Breadth

Time for A Tariff Crash Trading Plan

Stock Market Commentary The stock market suffered experienced a jarring selloff during the announcement of reciprocal tariffs from President Trump, a move that, despite ample telegraphing, shocked both investors and global trade partners. The Futures dropped sharply, with even oil down 2.4% and the S&P 500 plunging as much as 3% after-hours. This tariff crash … Read more

Was Today FINALLY A Capitulation Day? – The Market Breadth

Was Today Finally A Capitulation Day in the Stock Market

Stock Market Commentary We closed out March and Q1 with a wild day of trading. As captured in a headline from Yahoo Finance, “Wall Street closes out worst quarter since 2022,” sentiment was deeply negative. Headlines about tariffs, economic troubles, and Coinbase’s (COIN) worst quarter since the FTX collapse added to the sense of dread. … Read more

Powell Breathed More Life Into Market Breadth

Powell Breathes More Life Into Market Breadth (Source - Federal Reserve, March 19, 2025)

Stock Market Commentary The case for a sustainable low—but not necessarily a bottom—continues to develop. Today’s catalyst came from Federal Reserve Chair Jerome Powell, who breathed more life into market breadth. Market breadth continued its steady expansion. Over the past three of four trading days, there has been clear expansion in breadth, now reaching a … Read more

Cool Follow-Through for the Bear Market Relief – The Market Breadth

cool follow-through for bear market relief

Stock Market Commentary The stock market saw a cool and strong follow-through day, reinforcing the potential for a sustainable low (NOT a bottom). Based on changes in market breadth, I discussed the potential for a sustainable low in “FINALLY, Some Convincing Bear Market Relief – The Market Breadth“. A flip in the short-term trends for … Read more

FINALLY, Some Convincing Bear Market Relief – The Market Breadth

FINALLY Some Convincing Bear Market Relief In the Stock Market

Stock Market Commentary After weeks of persistent selling, the stock market finally delivered bear market relief, with all major indices posting solid gains to end the week. Market breadth notably improved, signaling a shift in buying power that could indicate the start of a sustainable low. Note well that a sustainable low is NOT the … Read more

A Fragile Rebound Creates Mixed Messages – The Market Breadth

A Fragile Rebound Creates Mixed Messages - The Market Breadth

Stock Market Commentary The stock market presented mixed messages amidst ongoing volatility. While a “softer than expected” CPI report presumably triggered an initial fragile rebound, I see persistent underlying weakness. Apple Inc. (AAPL) represents this fragility with a continued bearish breakdown casting a shadow over the broader market. Apple Inc. (AAPL) declined 1.8% and confirmed … Read more

Reality Bites Rotten Eggs – The Market Breadth

Reality Bites Rotten Eggs - The Market Breadth

Stock Market Commentary Reality bites. And right now those bites are clamping down on rotten eggs in the form of a swift repricing of risk. Once high priced eggs are now eggs few shoppers want. Last week’s theme of bring the pain continued in force at this week’s open: more economic uncertainty, more economic fears, … Read more

From Euphoria to Oversold In A Day? – The Market Breadth

AT50 (MMFI) plunged to its 5th lowest close of the year on a test of the intraday low from August. Will AT50 finally achieve official oversold conditions this year?

Stock Market Commentary If you followed December’s deterioration in market breadth and/or paid attention to the inflation numbers and the smoke signals from the Federal Reserve, today’s market sell-off does not surprise you. What surprises me at the time of writing is the complete collapse in market breadth. The stock market essentially plunged from euphoria … Read more