{"id":71071,"date":"2024-10-27T22:59:49","date_gmt":"2024-10-28T05:59:49","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=71071"},"modified":"2024-10-27T22:59:50","modified_gmt":"2024-10-28T05:59:50","slug":"add-fade-from-resistance-as-fresh-bear-teaser-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/10\/27\/add-fade-from-resistance-as-fresh-bear-teaser-the-market-breadth\/","title":{"rendered":"Add A Fade From Resistance As A Fresh Bear Teaser – The Market Breadth"},"content":{"rendered":"\n

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

Another week, another tease for bears. A fade from resistance joined market breadth in flagging bearish signals for the stock market. Yet, bears are hard-pressed to find a good risk\/reward entry, especially considering the on-going uptrends for 2024. The latest confounder for bears has been the market’s general ability to ignore rising long-term interest rates. Ever since the Federal Reserve cut interest rates last month, long-term rates have steadily, and sometimes swiftly, increased. Yet, the Japanese yen has also steadily weakened. Perhaps some residual carry trade activity is helping to counteract the otherwise negative impact of rising U.S. bond yields. Moreover, the on-going strength in economic data has taken the sting out of recession fears that kept bearish sentiment in the game in recent months.<\/p>\n\n\n\n