{"id":71765,"date":"2024-12-18T18:16:25","date_gmt":"2024-12-19T02:16:25","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=71765"},"modified":"2024-12-19T09:10:23","modified_gmt":"2024-12-19T17:10:23","slug":"from-euphoria-to-oversold-in-a-day-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/12\/18\/from-euphoria-to-oversold-in-a-day-the-market-breadth\/","title":{"rendered":"From Euphoria to Oversold In A Day? – The Market Breadth"},"content":{"rendered":"\n

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

If you followed December’s deterioration in market breadth<\/a> and\/or paid attention to the inflation numbers and the smoke signals from the Federal Reserve<\/a>, today’s market sell-off does not surprise you. What surprises me at the time of writing is the complete collapse in market breadth. The stock market essentially plunged from euphoria to oversold in a day. While my favorite indicator of market breadth did not hit official oversold conditions, the extreme nature of today’s move creates a “quasi” oversold condition. I recorded the video below to provide an updated description of the strengthening warnings going into the Fed decision.<\/p>\n\n\n\n

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