{"id":64436,"date":"2023-05-19T16:28:16","date_gmt":"2023-05-19T23:28:16","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=64436"},"modified":"2023-05-21T21:16:46","modified_gmt":"2023-05-22T04:16:46","slug":"stocks-wake-up-with-key-breakouts-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2023\/05\/19\/stocks-wake-up-with-key-breakouts-the-market-breadth\/","title":{"rendered":"Stocks Wake Up With Key Breakouts – The Market Breadth"},"content":{"rendered":"\n

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

What was quiet in the prior week<\/a> is now loud and clear. Led by the NASDAQ, the stock market is in breakout mode. While market breadth is not quite endorsing the move, key breakouts are showing up in the indices and individual stocks. The inability of sellers to take advantage of bad news over the past two months has acted like a wake-up call to buyers rushing into the gap. Even the anachronistic adage of “sell in May<\/a>” is failing to motivate more pessimism. Bears and sellers are left with the manufactured emergency in the debt ceiling drama as a last shred of hope before the summer of 2023 becomes a summer of loving stocks.<\/p>\n\n\n\n