{"id":69719,"date":"2024-07-20T17:24:05","date_gmt":"2024-07-21T00:24:05","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=69719"},"modified":"2024-07-20T18:26:07","modified_gmt":"2024-07-21T01:26:07","slug":"historic-tech-outage-punctuates-end-of-overbought-conditions-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/07\/20\/historic-tech-outage-punctuates-end-of-overbought-conditions-the-market-breadth\/","title":{"rendered":"Historic Tech Outage Punctuates the End of Overbought Conditions – The Market Breadth"},"content":{"rendered":"\n

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

Last week ended with an historic tech outage that took down operations around the globe<\/a>. This event was a poetic punctuation to a week that featured a sharp and toppy end to overbought conditions<\/a>. The stock market’s tech outage features blow-off tops, double-tops, and some key breakdowns in individual stocks. Still, while the outage from technical conditions are bearish, sellers have year-to-date barely put a dent in this stock market. Thus, as always, the opportunity window for bears looks small and tight. The major indices are falling toward trend lines that have provided reliable support except for one brief period in April.<\/p>\n\n\n\n