{"id":61560,"date":"2022-10-04T18:41:44","date_gmt":"2022-10-05T01:41:44","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=61560"},"modified":"2022-10-06T08:34:45","modified_gmt":"2022-10-06T15:34:45","slug":"october-sugar-high-ends-oversold-trading-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2022\/10\/04\/october-sugar-high-ends-oversold-trading-the-market-breadth\/","title":{"rendered":"An October Sugar High Ends Oversold Trading – The Market Breadth"},"content":{"rendered":"\n

Stock Market Commentary<\/strong>: <\/h2>\n\n\n\n

September was somber<\/a>. October so far is a sugar high in comparison. With the remaining pandemic era gains preserved for now, the major indices immediately face the challenge of downtrends in place since August’s peak. The conclusion of an extended (8 days long) oversold trading period means, according to history, that at least one more oversold period may still await traders in the near-term. October is the last of the stock market’s most dangerous months<\/a>, so accordingly I find it difficult to celebrate a buyer’s victory right out the gate. It is particularly hard to celebrate with the frenetic swings from despair to elated anticipation of things like Fed pivots, central bank capitulations, and peak inflation. Still, I will follow the technicals where they lead.<\/p>\n\n\n\n