{"id":66621,"date":"2023-11-25T14:54:29","date_gmt":"2023-11-25T22:54:29","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=66621"},"modified":"2023-11-26T08:25:14","modified_gmt":"2023-11-26T16:25:14","slug":"retail-turns-corner-black-friday-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/","title":{"rendered":"Retail Turns A Corner for Black Friday &#8211; The Market Breadth"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Stock Market Commentary<\/strong><\/h2>\n\n\n\n<p>The stock market continued its <a href=\"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/18\/overbought-conditions-within-sight-after-inflation-celebration-the-market-breadth\/\">inflation celebration<\/a> last week with a surge on Monday. The buying momentum abated from there as the holiday-shortened week rolled into Thanksgiving and then Black Friday. Even though NVIDIA (NVDA) stole the earnings spotlight for the week, the U.S.&#8217;s most storied day of shopping set the stage for retail-related earnings reports. I eyed stocks that indicated &#8220;retail turns a corner&#8221;, even though the results were a bit mixed. These stocks could be interesting catch-up trades as the stock market stretches and extends toward overbought conditions.<\/p>\n\n\n\n<br><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-1196033822186410\" data-ad-slot=\"3478942445\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Stock Market Indices<\/strong><\/h2>\n\n\n\n<p>The S&amp;P 500 (SPY) started the week with a 0.7% gain and an important breakout above the September 1st intraday high. The index drifted higher from there and is closing in on its 2023 high&#8230;.just as market breadth approaches overbought levels. I took profits on my SPY call spread on Monday&#8217;s surge higher. I consider the index a buy on dips, but the current momentum has made aggressive trend following profitable.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-SP-500-SPY.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1610\" height=\"808\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-SP-500-SPY.png\" alt=\"S&amp;P 500 (SPY) continued its upward climb, reaching its highest point since late July.\" class=\"wp-image-66608\" style=\"width:840px;height:419px\" title=\"S&amp;P 500 (SPY)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-SP-500-SPY.png 1610w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-SP-500-SPY-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-SP-500-SPY-1536x771.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-SP-500-SPY-1320x662.png 1320w\" sizes=\"auto, (max-width: 1610px) 100vw, 1610px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>S&amp;P 500 (SPY) continued its upward climb, reaching its highest point since late July.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-5e6b19ed wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/drduru.com\/onetwentytwo\/subscribe-free\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:#0693e3\" class=\"has-inline-color has-white-color\">Join the One-Twenty Two Mailing List for Free<\/mark><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>The NASDAQ (COMPQ) started the week with a marginal breakout already in hand. So Monday&#8217;s 1.1% gain confirmed the tech-laden index&#8217;s bullish move. However, the NASDAQ churned from there and actually lost a little momentum on Friday. Still, the NASDAQ remains well-positioned to print a new high for the year in coming days or weeks alongside overbought conditions.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-NASDAQ-COMPQ.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1610\" height=\"808\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-NASDAQ-COMPQ.png\" alt=\"The NASDAQ (COMPQ)  quickly cooled off after a strong start to the week.\" class=\"wp-image-66609\" style=\"aspect-ratio:2;width:840px;height:auto\" title=\"NASDAQ (COMPQ)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-NASDAQ-COMPQ.png 1610w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-NASDAQ-COMPQ-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-NASDAQ-COMPQ-1536x771.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-NASDAQ-COMPQ-1320x662.png 1320w\" sizes=\"auto, (max-width: 1610px) 100vw, 1610px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The NASDAQ (COMPQ)  quickly cooled off after a strong start to the week.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>The iShares Russell 2000 ETF (IWM) gained 0.6% to start the week and just churned the rest of the way. The good news is that this ETF of small caps looks like it is coiling for a slingshot move higher. I want to get positioned in fresh IWM calls on Monday in anticipation of a breakout. IWM&#8217;s fortunes are key to the prospects of overbought conditions.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-iShares-Russell-2000-ETF-IWM.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1610\" height=\"804\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-iShares-Russell-2000-ETF-IWM.png\" alt=\"iShares Russell 2000 ETF (IWM) churned for the week and closed at roughly the same amount as 3 trading days ago.\" class=\"wp-image-66610\" style=\"aspect-ratio:1.995249406175772;width:840px;height:auto\" title=\"iShares Russell 2000 ETF (IWM)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-iShares-Russell-2000-ETF-IWM.png 1610w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-iShares-Russell-2000-ETF-IWM-768x384.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-iShares-Russell-2000-ETF-IWM-1536x767.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-iShares-Russell-2000-ETF-IWM-1320x659.png 1320w\" sizes=\"auto, (max-width: 1610px) 100vw, 1610px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>iShares Russell 2000 ETF (IWM) churned for the week and closed at roughly the same amount as 3 trading days ago.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>The Short-Term Trading Call While Retail Turns A Corner<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>AT50<\/strong> (MMFI) = 66.2% of stocks are trading above their respective 50-day moving averages<\/li>\n\n\n\n<li><strong>AT200<\/strong> (MMTH) = 45.8% of stocks are trading above their respective 200-day moving averages<\/li>\n\n\n\n<li><strong>Short-term Trading Call<\/strong>: cautiously bullish<\/li>\n<\/ul>\n\n\n\n<p>AT50 (MMFI), the percentage of stocks trading above their respective 50DMAs, closed the week at 66.2%. My favorite technical indicator stumbled after a strong week but drifted its way higher the rest of the way. The overbought threshold at 70% is now within sight. As a reminder, overbought conditions are NOT by themselves bearish. Read more details in <a href=\"https:\/\/drduru.com\/onetwentytwo\/t2108-resource-page\/\">my AT50 trading rules<\/a> to understand why behavior around the overbought threshold is the defining point. I get bearish if AT50 gets rejected from the overbought threshold or drops below the threshold after a meaningful overbought period.<\/p>\n\n\n\n<p>Given the onset of Black Friday, I focused on the charts of retail-related stocks. There is so much bearishness and skepticism about the holding power of consumers that this field seems ripe for contrarian plays. If retail turns a corner here, then the stock market will get a glide path to overbought trading.<\/p>\n\n\n\n<p>Shopify Inc (SHOP) is not a contrarian play, but it is of great interest trading at its high of the year&#8230;not to mention its very name aligns with the retail theme. SHOP has been strong since a 22.4% post-earnings gain generated a bullish 50DMA breakout. All month long SHOP has pushed and nudged higher. SHOP closed the week right at its high for the year, so I am a buyer on the next close higher. Technically, I should have bought SHOP when the stock gapped higher after its first post-earnings consolidation period.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Shopify-Inc-SHOP-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1609\" height=\"807\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Shopify-Inc-SHOP-1.png\" alt=\"\" class=\"wp-image-66614\" style=\"width:840px;height:421px\" title=\"Shopify Inc (SHOP)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Shopify-Inc-SHOP-1.png 1609w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Shopify-Inc-SHOP-1-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Shopify-Inc-SHOP-1-1536x770.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Shopify-Inc-SHOP-1-1320x662.png 1320w\" sizes=\"auto, (max-width: 1609px) 100vw, 1609px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Shopify Inc (SHOP) continued its steady climb and reached its highest point since July.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Big box retailer Burlington Stores, Inc (BURL) peaked at an all-time high in August, 2021. BURL went into 2023 with a sharp rebound off major lows. However, sellers took over again after February. Still, BURL went into November earnings with a confirmed 50DMA breakout and an uptrending 20-day moving average (DMA) (the dotted line). A 20.7% post-earnings surge confirmed a change in sentiment on BURL. Buyers have even held BURL in a stretched position above its upper Bollinger Band (BB). I expect an eventual pullback, especially with BURL at resistance from the previous highs. I am a buyer on an &#8220;orderly&#8221; pullback, maybe to the post-earnings opening price. <\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Burlington-Stores-Inc-BURL.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1610\" height=\"807\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Burlington-Stores-Inc-BURL.png\" alt=\"Burlington Stores Inc (BURL) surged upwards, recovering all of its 3 month losses.\" class=\"wp-image-66615\" title=\"Burlington Stores Inc (BURL)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Burlington-Stores-Inc-BURL.png 1610w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Burlington-Stores-Inc-BURL-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Burlington-Stores-Inc-BURL-1536x770.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Burlington-Stores-Inc-BURL-1320x662.png 1320w\" sizes=\"auto, (max-width: 1610px) 100vw, 1610px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Burlington Stores Inc (BURL) surged upwards, recovering all of its 3 month losses.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>I bought a speculative calendar call spread at the $130 strike going into earnings for Dicks Sporting Goods Inc (DKS). The options looked &#8220;cheap.&#8221; So I was elated when the stock opened up 9.0% right to the strike. I was then amazed that buyers kept taking DKS higher. Finally, I was startled as sellers drove DKS to a mere 2.2% close on the day. In the middle, I was able to snatch a profit from my position as the short side of the spread decayed rapidly. DKS has now set up a bullish &#8220;<a href=\"https:\/\/swingtradebot.com\/events\/59-calm-after-storm\/equities?selected_date=2023-11-24\">calm after the storm<\/a>&#8221; candlestick chart pattern. I am a buyer on Monday and should have bought on Friday. DKS could be turning the corner on a mission to reverse August&#8217;s post-earnings collapse.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-DICKS-Sporting-Goods-Inc-DKS.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1610\" height=\"808\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-DICKS-Sporting-Goods-Inc-DKS.png\" alt=\"Dicks Sporting Goods Inc (DKS) faded hard after a post-earnings surge. DKS is still slowly recovering some of its losses from its post-earnings crash in August.\" class=\"wp-image-66616\" title=\"DICK'S Sporting Goods Inc (DKS)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-DICKS-Sporting-Goods-Inc-DKS.png 1610w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-DICKS-Sporting-Goods-Inc-DKS-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-DICKS-Sporting-Goods-Inc-DKS-1536x771.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-DICKS-Sporting-Goods-Inc-DKS-1320x662.png 1320w\" sizes=\"auto, (max-width: 1610px) 100vw, 1610px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Dicks Sporting Goods Inc (DKS) faded hard after a post-earnings surge. DKS is still slowly recovering some of its losses from its post-earnings crash in August.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Ulta Beauty, Inc (ULTA) looks like it is turning the corner after selling off most of the year. In mid November ULTA confirmed a 50DMA breakout, but the stock has yet to make further progress. Earnings are coming November 30th, so this juncture is critical for the stock. I will be looking to speculate on a calendar call spread ahead of earnings with the assumption that ULTA is on the rise again.<\/p>\n\n\n\n<p>ULTA has been a favorite of beauty influencers, so I took interest in this story from Marketplace about <a href=\"https:\/\/www.marketplace.org\/2023\/11\/24\/why-queen-nefertiti-is-one-of-the-original-beauty-influencers\/\">Queen Nefertiti as the &#8220;original&#8221; beauty influencer<\/a>.<\/p>\n\n\n\n<iframe loading=\"lazy\" id=\"mp_978805\" title=\"Marketplace Embed\" src=\"https:\/\/www.marketplace.org\/2023\/11\/24\/why-queen-nefertiti-is-one-of-the-original-beauty-influencers\/\/popout\" frameborder=\"0\" width=\"100%\" height=\"240px\"><\/iframe>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1611\" height=\"808\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Ulta-Beauty-Inc-ULTA.png\" alt=\"Ulta Beauty Inc (ULTA) is still trying to make progress after confirming a 50DMA breakout mid-November.\" class=\"wp-image-66617\" style=\"width:840px;height:auto\" title=\"Ulta Beauty Inc (ULTA)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Ulta-Beauty-Inc-ULTA.png 1611w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Ulta-Beauty-Inc-ULTA-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Ulta-Beauty-Inc-ULTA-1536x770.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Ulta-Beauty-Inc-ULTA-1320x662.png 1320w\" sizes=\"auto, (max-width: 1611px) 100vw, 1611px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Ulta Beauty Inc (ULTA) is still trying to make progress after confirming a 50DMA breakout mid-November.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>I have long been skeptical of Roku, Inc (ROKU) because of its valuation. <a href=\"https:\/\/finance.yahoo.com\/quote\/ROKU\/key-statistics?p=ROKU\">The valuation is now much more reasonable<\/a>&#8216; and the stock has had some of its signature bursts of excitement. <a href=\"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/12\/little-time-to-rest-for-oversold-bounce-the-market-breadth\/\">I flagged ROKU for a buy in mid November<\/a> but somehow missed my entry point after a nice breakout on November 14th. With the stock closing above <a href=\"https:\/\/drduru.com\/onetwentytwo\/2023\/09\/10\/bearish-divergence-raises-prospects-for-oversold-trading-the-market-breadth\/\">its September gap and crap<\/a>, the next entry point is here. ROKU is on the edge of a new high for the year; I will be a buyer at that point. Otherwise, I will look for a buy on a pullback that fills in the last gap up.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1608\" height=\"807\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Roku-Inc-ROKU.png\" alt=\"Roku Inc (ROKU) continues a steady uptrend, reaching its highest point since August and a critical resistance level.\" class=\"wp-image-66618\" style=\"width:840px;height:auto\" title=\"Roku Inc (ROKU)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Roku-Inc-ROKU.png 1608w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Roku-Inc-ROKU-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Roku-Inc-ROKU-1536x771.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Roku-Inc-ROKU-1320x662.png 1320w\" sizes=\"auto, (max-width: 1608px) 100vw, 1608px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Roku Inc (ROKU) continues a steady uptrend, reaching its highest point since August and a critical resistance level.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>I keep waiting for a comeback for Zoom Video Communications, Inc (ZM) that never quite appears. I bought a diagonal calendar call spread ahead of last week&#8217;s earnings. I thought I was good with a 3% gain in after hours to $70. However, ZM gapped down at its open and took away my opportunity for a quick profit. While buyers closed ZM near flat, sellers descended again the next day. With the short side of the spread expired, I am still hopeful that ZM can release its 50DMA pivot and launch higher. <\/p>\n\n\n\n<p>ZM has plenty of competitive challenges. Accordingly, the stock is also priced &#8220;cheaply&#8221; at <a href=\"https:\/\/finance.yahoo.com\/quote\/ZM\/key-statistics?p=ZM\">14x forward earnings and 4.4x sales<\/a>. At some point, I think ZM will make a run on the tailwinds of some good news.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1608\" height=\"805\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Zoom-Video-Communications-Inc-ZM.png\" alt=\"Zoom Video Communications Inc (ZM) failed to confirm its 50DMA breakout after a post-earnings fade.\" class=\"wp-image-66619\" style=\"width:840px;height:auto\" title=\"Zoom Video Communications Inc (ZM)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Zoom-Video-Communications-Inc-ZM.png 1608w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Zoom-Video-Communications-Inc-ZM-768x384.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Zoom-Video-Communications-Inc-ZM-1536x769.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-Zoom-Video-Communications-Inc-ZM-1320x661.png 1320w\" sizes=\"auto, (max-width: 1608px) 100vw, 1608px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Zoom Video Communications Inc (ZM) failed to confirm its 50DMA breakout after a post-earnings fade.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT50-MMFI.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1607\" height=\"804\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT50-MMFI.png\" alt=\"\" class=\"wp-image-66611\" style=\"width:840px;height:423px\" title=\"AT50 (MMFI)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT50-MMFI.png 1607w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT50-MMFI-768x384.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT50-MMFI-1536x768.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT50-MMFI-1320x660.png 1320w\" sizes=\"auto, (max-width: 1607px) 100vw, 1607px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT50 (MMFI) climbed towards the overbought line, reaching its highest point since early August.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT200-MMTH.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1608\" height=\"806\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT200-MMTH.png\" alt=\"\" class=\"wp-image-66612\" title=\"AT200 (MMTH)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT200-MMTH.png 1608w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT200-MMTH-768x385.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT200-MMTH-1536x770.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/112423-AT200-MMTH-1320x662.png 1320w\" sizes=\"auto, (max-width: 1608px) 100vw, 1608px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT200 (MMTH) reached its highest point since September, continuing its steady increase.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Be careful out there!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"footnotes\"><strong>Footnotes<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/drduru.com\/onetwentytwo\/subscribe-free\/\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe for free<\/a> to get email notifications of future posts!<\/p>\n\n\n\n<p>&#8220;Above the 50&#8221; (AT50) uses the percentage of stocks trading above their respective 50-day moving averages (DMAs) to measure breadth in the stock market. Breadth defines the distribution of participation in a rally or sell-off. As a result, AT50 identifies extremes in market sentiment that are likely to reverse. Above the 50 is my alternative name for &#8220;MMFI&#8221; which is a symbol TradingView.com and other chart vendors use for this breadth indicator. Learn more about AT50 on my <a href=\"https:\/\/drduru.com\/onetwentytwo\/about\/t2108-resource-page\/\">Market Breadth Resource Page<\/a>. AT200, or MMTH, measures the percentage of stocks trading above their respective 200DMAs.<\/p>\n\n\n\n<p><strong><strong><strong><strong>Active AT50 (MMFI) periods:<\/strong><\/strong> <\/strong><\/strong>Day #13 over 20%, Day #11 over 30%, Day #9 over 40%, Day #8 over 50%, Day #5 over 60%, Day #75 under 70%<\/p>\n\n\n\n<p>Source for charts unless otherwise noted: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TradingView.com<\/strong><\/a><\/p>\n\n\n\n<p><strong>Full disclosure:<\/strong>  long ZM call, , <\/p>\n\n\n\n<p><strong>FOLLOW Dr. Duru&#8217;s commentary on financial markets via <a href=\"https:\/\/stocktwits.com\/DrDuru\" target=\"_blank\" rel=\"noreferrer noopener\">StockTwits<\/a>, <a href=\"https:\/\/twitter.com\/DrDuru\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a>, and even <a href=\"https:\/\/www.instagram.com\/drduru_market_breadth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a>!<\/strong><\/p>\n\n\n\n<p>*Charting notes: Stock prices are not adjusted for dividends. Candlestick charts use hollow bodies: open candles indicate a close higher than the open, filled candles indicate an open higher than the close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock Market Commentary The stock market continued its inflation celebration last week with a surge on Monday. The buying momentum abated from there as the holiday-shortened week rolled into Thanksgiving and then Black Friday. Even though NVIDIA (NVDA) stole the earnings spotlight for the week, the U.S.&#8217;s most storied day of shopping set the stage &#8230; <a title=\"Retail Turns A Corner for Black Friday &#8211; The Market Breadth\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":66627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[482,3148,1576,219,599,338,62,1],"tags":[2832,3377,3379,2201,2909,1657,2218,909,413,1984,2947,65,1684,2367,362,1781,1947,2207,2336],"class_list":["post-66621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breakout","category-communications","category-entertainment","category-high-tech","category-internet","category-retail","category-technical-analysis","category-uncategorized","tag-at50","tag-burl","tag-burlington-stores-inc","tag-compq","tag-dicks-sporting-goods-inc","tag-dks","tag-ishares-russell-2000-etf","tag-iwm","tag-nasdaq","tag-roku","tag-roku-inc","tag-sp-500","tag-shop","tag-shopify","tag-spy","tag-ulta","tag-ulta-beauty","tag-zm","tag-zoom-video-communications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retail Turns A Corner for Black Friday - The Market Breadth - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"description\" content=\"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Turns A Corner for Black Friday - The Market Breadth\" \/>\n<meta property=\"og:description\" content=\"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-25T22:54:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-26T16:25:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png\" \/>\n\t<meta property=\"og:image:width\" content=\"508\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Retail Turns A Corner for Black Friday - The Market Breadth\" \/>\n<meta name=\"twitter:description\" content=\"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Retail Turns A Corner for Black Friday &#8211; The Market Breadth\",\"datePublished\":\"2023-11-25T22:54:29+00:00\",\"dateModified\":\"2023-11-26T16:25:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/\"},\"wordCount\":1509,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Retail-Turns-the-Corner-for-Black-Friday.png\",\"keywords\":[\"AT50\",\"BURL\",\"Burlington Stores Inc\",\"COMPQ\",\"Dicks Sporting Goods Inc\",\"DKS\",\"iShares Russell 2000 ETF\",\"IWM\",\"NASDAQ\",\"ROKU\",\"Roku Inc\",\"S&amp;P 500\",\"SHOP\",\"Shopify\",\"SPY\",\"ULTA\",\"Ulta Beauty\",\"ZM\",\"Zoom Video Communications\"],\"articleSection\":[\"Breakout\",\"Communications\",\"Entertainment\",\"High Tech\",\"Internet\",\"Retail\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/\",\"name\":\"Retail Turns A Corner for Black Friday - The Market Breadth - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Retail-Turns-the-Corner-for-Black-Friday.png\",\"datePublished\":\"2023-11-25T22:54:29+00:00\",\"dateModified\":\"2023-11-26T16:25:14+00:00\",\"description\":\"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#primaryimage\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Retail-Turns-the-Corner-for-Black-Friday.png\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Retail-Turns-the-Corner-for-Black-Friday.png\",\"width\":508,\"height\":510,\"caption\":\"Retail Turns A Corner for Black Friday\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2023\\\/11\\\/25\\\/retail-turns-corner-black-friday-the-market-breadth\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Retail Turns A Corner for Black Friday &#8211; The Market Breadth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Retail Turns A Corner for Black Friday - The Market Breadth - ONE-TWENTY TWO: Trading Financial Markets","description":"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/","og_locale":"en_US","og_type":"article","og_title":"Retail Turns A Corner for Black Friday - The Market Breadth","og_description":"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.","og_url":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2023-11-25T22:54:29+00:00","article_modified_time":"2023-11-26T16:25:14+00:00","og_image":[{"width":508,"height":510,"url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png","type":"image\/png"}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_title":"Retail Turns A Corner for Black Friday - The Market Breadth","twitter_description":"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.","twitter_image":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Retail Turns A Corner for Black Friday &#8211; The Market Breadth","datePublished":"2023-11-25T22:54:29+00:00","dateModified":"2023-11-26T16:25:14+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/"},"wordCount":1509,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#primaryimage"},"thumbnailUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png","keywords":["AT50","BURL","Burlington Stores Inc","COMPQ","Dicks Sporting Goods Inc","DKS","iShares Russell 2000 ETF","IWM","NASDAQ","ROKU","Roku Inc","S&amp;P 500","SHOP","Shopify","SPY","ULTA","Ulta Beauty","ZM","Zoom Video Communications"],"articleSection":["Breakout","Communications","Entertainment","High Tech","Internet","Retail","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/","url":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/","name":"Retail Turns A Corner for Black Friday - The Market Breadth - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#primaryimage"},"thumbnailUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png","datePublished":"2023-11-25T22:54:29+00:00","dateModified":"2023-11-26T16:25:14+00:00","description":"As retail turns a corner, these stocks could be catch-up trades as the stock market stretches and extends toward overbought conditions.","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#primaryimage","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/11\/Retail-Turns-the-Corner-for-Black-Friday.png","width":508,"height":510,"caption":"Retail Turns A Corner for Black Friday"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2023\/11\/25\/retail-turns-corner-black-friday-the-market-breadth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Retail Turns A Corner for Black Friday &#8211; The Market Breadth"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/66621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=66621"}],"version-history":[{"count":18,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/66621\/revisions"}],"predecessor-version":[{"id":66643,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/66621\/revisions\/66643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media\/66627"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=66621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=66621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=66621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}