{"id":65962,"date":"2023-09-24T17:10:30","date_gmt":"2023-09-25T00:10:30","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=65962"},"modified":"2023-09-24T17:13:50","modified_gmt":"2023-09-25T00:13:50","slug":"oversold-trading-awaits-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2023\/09\/24\/oversold-trading-awaits-the-market-breadth\/","title":{"rendered":"Oversold Trading Awaits – The Market Breadth"},"content":{"rendered":"\n

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

The Federal Reserve helped unlock the stalemate in pricing action<\/a> that stalled the bearish divergence tugging the market toward oversold trading conditions<\/a>. Fed Chair Jerome Powell once again told financial markets the Fed remains as hawkish as ever. Expectations contracted for rate cuts next year, interest rates soared, and stocks plunged. While stocks lost ground on the day of the Fed’s announcement, selling accelerated the next day, and the week closed out at the lows. Oversold trading awaits; I am actually surprised the selling failed to plunge the market into official oversold trading conditions.<\/p>\n\n\n\n

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