{"id":72178,"date":"2025-01-18T22:08:07","date_gmt":"2025-01-19T06:08:07","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=72178"},"modified":"2025-01-18T22:12:55","modified_gmt":"2025-01-19T06:12:55","slug":"was-the-stock-market-oversold-enough-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2025\/01\/18\/was-the-stock-market-oversold-enough-the-market-breadth\/","title":{"rendered":"Was the Stock Market “Oversold Enough”? – The Market Breadth"},"content":{"rendered":"\n

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

The week opened with market breadth dropping to within five percentage points of the oversold threshold. This was the closest encounter with oversold since late October, 2023. The stock market never looked back from there. A favorable mid-week inflation report <\/a>helped propel the stock market with the assistance of declining long-term bond yields. The momentum was enough to reposition the S&P 500 and the NASDAQ into bullish setups. As a result, the stock market looks like it was “oversold enough”. Yet, the stock market has churned since mid-December’s last all-time highs and sits in a wide trading range. A number of political and economic uncertainties await, and the stock market actually looks like it is waiting to respond. Accordingly, until the next all-time highs, the stock market promises to continue delivering yo-yo, up and down action.<\/p>\n\n\n\n