{"id":67409,"date":"2024-01-28T09:04:57","date_gmt":"2024-01-28T17:04:57","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=67409"},"modified":"2024-01-29T21:08:57","modified_gmt":"2024-01-30T05:08:57","slug":"weeks-rally-failed-to-erase-key-bearish-trading-signal-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/01\/28\/weeks-rally-failed-to-erase-key-bearish-trading-signal-the-market-breadth\/","title":{"rendered":"The Week’s Rally Failed to Erase Key Bearish Trading Signal – The Market Breadth"},"content":{"rendered":"\n

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

A bearish divergence is well underway in the stock market. While the S&P 500 and NASDAQ rally, a key bearish trading signal persists in market breadth. The previous week, market breadth created a strong bearish signal<\/a> by slicing below the overbought threshold. This key bearish trading signal was reinforced by last week’s failure to overcome the 70% threshold. This divergence causes a kind of cognitive dissonance<\/a> as well. My market breadth trading rules and experience<\/a> tell my rational side to stick to the bearish side of the market’s two truths. The plentitude of bullish stock patterns tell my emotional side to ride the bull as far as possible! Thus, I have a motto for this year to anchor me: “be ready so I don’t have to get ready.”<\/p>\n\n\n\n