{"id":73193,"date":"2025-03-20T01:00:34","date_gmt":"2025-03-20T08:00:34","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=73193"},"modified":"2025-03-20T01:00:35","modified_gmt":"2025-03-20T08:00:35","slug":"powell-breathed-more-life-into-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/","title":{"rendered":"Powell Breathed More Life Into Market Breadth"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Stock Market Commentary<\/strong><\/h2>\n\n\n\n<p>The case for a sustainable low\u2014but not necessarily a bottom\u2014continues to develop. Today\u2019s <a href=\"https:\/\/inflationwatch.wordpress.com\/2025\/03\/19\/jerome-powells-fed-deftly-maneuvers-through-a-stagflationary-minefield\/\">catalyst came from Federal Reserve Chair Jerome Powell<\/a>, who breathed more life into market breadth. Market breadth continued its steady expansion. Over the past three of four trading days, there has been clear expansion in breadth, now reaching a critical resistance point.<\/p>\n\n\n\n<p>Confirming the expansion in market breadth, <a href=\"https:\/\/swingtradebot.com\/equities\/general-market-analysis?trading_date=2025-03-19\">SwingTradeBot shows a notable shift in short-term trends<\/a>, flipping from a mix of down and flat to an upward trend. Despite this improvement, a scan of stocks breaking above their 200-day moving averages (DMA) (blue line in the charts) produced surprisingly few strong trading candidates. Still, the overall market continues to look more constructive and supportive of my short-term cautiously bullish trading call.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"FOMC Press Conference, March 19, 2025\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/zmfyoadWHME?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<br><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-1196033822186410\" data-ad-slot=\"3478942445\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Stock Market Indices<\/strong><\/h2>\n\n\n\n<p>The <strong>S&amp;P 500 (SPY)<\/strong>, on its 15-minute chart, reacted to the Fed\u2019s statement with defined key levels of support and resistance. Support rests at 5,633, where buyers celebrated the Fed\u2019s statement, while resistance was hit just above the weekly high at 5,715. This tight range could dictate market action over the next few days or even weeks.<\/p>\n\n\n\n<p>On the daily chart, SPY has maintained a pattern of alternating up and down days. It continues to inch towards resistance at the 200DMA, which I expect to get tested either this week or next. I took profits on an SPY call option once SPY hit a 1% gain on the day.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/031525-SP-500-SPY.png\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/94dLmIeU\/\" alt=\"The S&amp;P 500 (SPY) gained 2.1% in a strong rebound headed towards the 200DMA, but remains in a downtrend.\" style=\"aspect-ratio:2;width:840px;height:auto\" title=\"S&amp;P 500 (SPY)\"\/><\/a><figcaption class=\"wp-element-caption\"><em><strong>The <strong>S&amp;P 500 (SPY)<\/strong> entered a tight trading range between 5,633 and 5,715, with a likely test of the 200DMA ahead.<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/kVshtix1\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/kVshtix1\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>This 15-minute chart shows the clear Fed-driven trading action for the S&amp;P 500.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-5e6b19ed wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/drduru.com\/onetwentytwo\/subscribe-free\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:#0693e3\" class=\"has-inline-color has-white-color\">Join the One-Twenty Two Mailing List for Free<\/mark><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>The <strong>NASDAQ (COMPQ)<\/strong> followed a similar pattern, though its trend remains flat rather than turning upward. The index opened lower than Monday but reached a similar high, showing a churning pattern rather than a decisive trend.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/031525-NASDAQ-COMPQ.png\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/QbUwQKmG\/\" alt=\"The NASDAQ (COMPQ) rose 2.6% but remains deep in bearish territory below its 200DMA, churning throughout this week.\" style=\"aspect-ratio:2\" title=\"NASDAQ (COMPQ)\"\/><\/a><figcaption class=\"wp-element-caption\"><em><strong>The <strong>NASDAQ (COMPQ)<\/strong> continues to churn, maintaining a flat trend while showing signs of potential improvement.<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Unlike the <strong>S&amp;P 500<\/strong> and <strong>NASDAQ<\/strong>, the <strong>iShares Russell 2000 ETF (IWM)<\/strong> managed to close at its highest level for the week. It remains in a deep bear market but is showing signs of more potential upside. The ETF is facing converging overhead resistance levels, yet continued strength above the 20DMA (the dotted line) would suggest further gains could be on the horizon. I will not mind chasing IWM higher at that point.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/031525-iShares-Russell-2000-ETF-IWM.png\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/SvyTCuWr\/\" alt=\"The iShares Russell 2000 ETF (IWM) churned like the NASDAQ, and gained 2.4% to end the week, flattening its trend but still in a bear market.\" style=\"aspect-ratio:1.995249406175772;width:840px;height:auto\" title=\"iShares Russell 2000 ETF (IWM)\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The iShares Russell 2000 ETF (IWM) looks like it will avoid a test of its official bear market threshold as two days of strong gains reinforce a sustainable low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>The Short-Term Trading Call Received More Life<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>AT50<\/strong> (MMFI) = 32.6% of stocks are trading above their respective 50-day moving averages<\/li>\n\n\n\n<li><strong>AT200<\/strong> (MMTH) = 41.1% of stocks are trading above their respective 200-day moving averages<\/li>\n\n\n\n<li><strong>Short-term Trading Call<\/strong>: cautiously bullish<\/li>\n<\/ul>\n\n\n\n<p><strong>AT50 (MMFI)<\/strong>, the percentage of stocks above their 50DMAs, closed at 32.6%. My favorite technical indicator continued its steady expansion. Over the past four trading days, three have shown clear expansion in breadth, reaching a critical point where it must break through a downtrending 20DMA. Similarly, <strong>MMTH (AT200)<\/strong>, the percentage of stocks trading above their 200DMAs, is also expanding. This indicator of longer-term market health faces its first major test at the declining 20-day moving average.<\/p>\n\n\n\n<p>The <strong>volatility index (VIX)<\/strong> has declined sharply and now sits just below the <strong>20 <\/strong>level, which is traditionally considered elevated. This drop confirms the expanded market breadth and a general easing of market fears, aided by today\u2019s Fed developments.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/031525-volatility-index-VIX.png\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/bk7RO6PU\/\" alt=\"The volatility index (VIX) was unable to break out above the December high, declining and preparing for a 20DMA test.\" style=\"aspect-ratio:1.995249406175772;width:840px;height:auto\" title=\"volatility index (VIX)\"\/><\/a><figcaption class=\"wp-element-caption\"><em><strong>The volatility index (<strong>VIX)<\/strong> closed below 20, signaling reduced market fears and reinforcing the expansion in market breadth.<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>The Equities: More Life<\/strong><\/h2>\n\n\n\n<p><strong>Fair Isaac Corporation (FICO)<\/strong> has shown a stable post-earnings consolidation. While it has not surged, the stock\u2019s historical pattern suggests that buying near the <strong>200DMA<\/strong> offers a strong long-term entry point. The next move higher will confirm a 200DMA breakout.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/QAgBzY5J\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/QAgBzY5J\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Fair Isaac Corporation (FICO) remains in a constructive consolidation near its 200DMA, with upside potential upon breakout confirmation.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p><strong>Itron, Inc. (ITRI)<\/strong> caught my attention in the 200-day moving average scan with swingtradebot. ITRI has held its post-earnings gains and remains above all key moving averages (20DMA, 50DMA, 200DMA). This makes ITRI an attractive buy candidate, with a well-defined stop-loss level around $101.60-$101.75.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/BHKnqjLO\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/BHKnqjLO\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Itron, Inc. (ITRI) remains above all major moving averages and shows strong post-earnings momentum, making it a solid buy candidate for me.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>The <strong>iShares Expanded Tech-Software ETF (IGV)<\/strong>representing software stocks like <strong>Salesforce (CRM)<\/strong> and <strong>Adobe (ADBE)<\/strong>, has struggled to break out above its 200DMA. A failure here would put IGV on my short list. Note the double top that could stop cold an extended rally, especially at the neckline (not shown in the chart below, see the January low for an approximate level). I have seen these double tops on a lot of stocks across many sectors! This setup is something to watch out for in coming weeks when\/if the market forgets all about today&#8217;s chaos and uncertainty and resumes discounting good times ahead.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/031525-Micron-Technology-Inc-MU-1.png\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/PCEHv4hh\/\" alt=\"Micron Technology (MU) broke out above the 50DMA, remaining in a trading range capped by its 200DMA.\" style=\"aspect-ratio:1.995249406175772;width:840px;height:auto\" title=\"Micron Technology (MU)\"\/><\/a><figcaption class=\"wp-element-caption\"><em><strong>The <strong>iShares Expanded Tech-Software ETF (IGV)<\/strong> faces key <strong>200DMA<\/strong> resistance, with a double-top pattern raising downside risks after an extended rally.<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Despite closing above its 200DMA after earnings, <strong>William Sonoma, Inc. (WSM)<\/strong> struggled with high selling volume and a wide trading range. A previous earnings gap remains unfilled, making the stock a short candidate if it drops back below its 200DMA.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/VGxtUZpN\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/VGxtUZpN\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>William Sonoma, Inc. (WSM) remains vulnerable to a breakdown below its 200DMA, with lingering bearish pressure post-earnings.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/031525-AT50-MMFI.png\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/PGgretKM\/\" alt=\"AT50 (MMFI) jumped to 27%, signaling strong buying power and narrowly avoiding oversold conditions.\" style=\"aspect-ratio:1.9858156028368794\" title=\"AT50 (MMFI)\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT50 (MMFI) continues to expand, reaching a critical resistance level at the 20DMA that must break for further market strength.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/031525-AT200-MMTH.png\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/gonpe0dy\/\" alt=\"AT200 (MMTH) climbed to 37.4%, slowing down its downward trajectory. Continued strength is needed to confirm a lasting recovery.\" title=\"AT200 (MMTH)\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT200 (MMTH) is also improving but faces a strong test at its declining <strong>20DMA.<\/strong><\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Be careful out there!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"footnotes\"><strong>Footnotes<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/drduru.com\/onetwentytwo\/subscribe-free\/\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe for free<\/a> to get email notifications of future posts!<\/p>\n\n\n\n<p>&#8220;Above the 50&#8221; (AT50) uses the percentage of stocks trading above their respective 50-day moving averages (DMAs) to measure breadth in the stock market. Breadth defines the distribution of participation in a rally or sell-off. As a result, AT50 identifies extremes in market sentiment that are likely to reverse. Above the 50 is my alternative name for &#8220;MMFI&#8221; which is a symbol TradingView.com and other chart vendors use for this breadth indicator. Learn more about AT50 on my <a href=\"https:\/\/drduru.com\/onetwentytwo\/about\/t2108-resource-page\/\">Market Breadth Resource Page<\/a>. AT200, or MMTH, measures the percentage of stocks trading above their respective 200DMAs.<\/p>\n\n\n\n<p><strong>Active AT50 (MMFI) periods<\/strong>: Day #316 over 20%, Day #3 over 30% (overperiod), Day #13 under 40%, Day #25 under 50%, Day #52 under 60%, Day #153 under 70%<\/p>\n\n\n\n<p>Source for charts unless otherwise noted: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TradingView.com<\/strong><\/a><\/p>\n\n\n\n<p><strong>Full disclosure:<\/strong> long SPY shares, long QQQ call, long VXX put options<\/p>\n\n\n\n<p><strong>FOLLOW Dr. Duru&#8217;s commentary on financial markets via <a href=\"https:\/\/stocktwits.com\/DrDuru\" target=\"_blank\" rel=\"noreferrer noopener\">StockTwits<\/a>, <a href=\"https:\/\/bsky.app\/profile\/drduru.bsky.social\" target=\"_blank\" rel=\"noreferrer noopener\">BlueSky<\/a>, and even <a href=\"https:\/\/www.instagram.com\/ahan.analytics\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a>!<\/strong><\/p>\n\n\n\n<p>*Charting notes: Stock prices are not adjusted for dividends. Candlestick charts use hollow bodies: open candles indicate a close higher than the open, filled candles indicate an open higher than the close.<\/p>\n\n\n\n<p>* Blog notes: this blog was written based on the heavily edited transcript of the following video that includes a live review of the stock charts featured in this post. I used ChatGPT to process the transcript.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Powell Breathes More Life Into Market Breadth #stockmarket\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/EN-LB9ZtJqM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock Market Commentary The case for a sustainable low\u2014but not necessarily a bottom\u2014continues to develop. Today\u2019s catalyst came from Federal Reserve Chair Jerome Powell, who breathed more life into market breadth. Market breadth continued its steady expansion. Over the past three of four trading days, there has been clear expansion in breadth, now reaching a &#8230; <a title=\"Powell Breathed More Life Into Market Breadth\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":73201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1303,482,58,548,219,512,338,511,62],"tags":[1820,2832,2201,3661,3662,2696,2695,2218,3664,3663,909,413,65,362,303,931,3665,2053],"class_list":["post-73193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bottom","category-breakout","category-federal-reserve","category-financials","category-high-tech","category-resistance","category-retail","category-support","category-technical-analysis","tag-at200","tag-at50","tag-compq","tag-fiar-isaac-corporation","tag-fico","tag-igv","tag-ishares-expanded-tech-software-sector-etf","tag-ishares-russell-2000-etf","tag-itri","tag-itron-inc","tag-iwm","tag-nasdaq","tag-sp-500","tag-spy","tag-vix","tag-volatility-index","tag-william-sonoma-inc","tag-wsm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Powell Breathed More Life Into Market Breadth - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"description\" content=\"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Powell Breathed More Life Into Market Breadth\" \/>\n<meta property=\"og:description\" content=\"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-20T08:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-20T08:00:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png\" \/>\n\t<meta property=\"og:image:width\" content=\"721\" \/>\n\t<meta property=\"og:image:height\" content=\"578\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Powell Breathed More Life Into Market Breadth\" \/>\n<meta name=\"twitter:description\" content=\"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Powell Breathed More Life Into Market Breadth\",\"datePublished\":\"2025-03-20T08:00:34+00:00\",\"dateModified\":\"2025-03-20T08:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/\"},\"wordCount\":1200,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Powell-Breathes-More-Life-Into-Market-Breadth.png\",\"keywords\":[\"AT200\",\"AT50\",\"COMPQ\",\"Fiar Isaac Corporation\",\"FICO\",\"IGV\",\"iShares Expanded Tech-Software Sector ETF\",\"iShares Russell 2000 ETF\",\"ITRI\",\"Itron Inc\",\"IWM\",\"NASDAQ\",\"S&amp;P 500\",\"SPY\",\"VIX\",\"volatility index\",\"William Sonoma Inc\",\"WSM\"],\"articleSection\":[\"Bottom\",\"Breakout\",\"Federal Reserve\",\"Financials\",\"High Tech\",\"Resistance\",\"Retail\",\"Support\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/\",\"name\":\"Powell Breathed More Life Into Market Breadth - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Powell-Breathes-More-Life-Into-Market-Breadth.png\",\"datePublished\":\"2025-03-20T08:00:34+00:00\",\"dateModified\":\"2025-03-20T08:00:35+00:00\",\"description\":\"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#primaryimage\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Powell-Breathes-More-Life-Into-Market-Breadth.png\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/Powell-Breathes-More-Life-Into-Market-Breadth.png\",\"width\":721,\"height\":578,\"caption\":\"Powell Breathes More Life Into Market Breadth (Source - Federal Reserve, March 19, 2025)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/03\\\/20\\\/powell-breathed-more-life-into-market-breadth\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Powell Breathed More Life Into Market Breadth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Powell Breathed More Life Into Market Breadth - ONE-TWENTY TWO: Trading Financial Markets","description":"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/","og_locale":"en_US","og_type":"article","og_title":"Powell Breathed More Life Into Market Breadth","og_description":"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.","og_url":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2025-03-20T08:00:34+00:00","article_modified_time":"2025-03-20T08:00:35+00:00","og_image":[{"width":721,"height":578,"url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png","type":"image\/png"}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_title":"Powell Breathed More Life Into Market Breadth","twitter_description":"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.","twitter_image":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Powell Breathed More Life Into Market Breadth","datePublished":"2025-03-20T08:00:34+00:00","dateModified":"2025-03-20T08:00:35+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/"},"wordCount":1200,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#primaryimage"},"thumbnailUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png","keywords":["AT200","AT50","COMPQ","Fiar Isaac Corporation","FICO","IGV","iShares Expanded Tech-Software Sector ETF","iShares Russell 2000 ETF","ITRI","Itron Inc","IWM","NASDAQ","S&amp;P 500","SPY","VIX","volatility index","William Sonoma Inc","WSM"],"articleSection":["Bottom","Breakout","Federal Reserve","Financials","High Tech","Resistance","Retail","Support","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/","url":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/","name":"Powell Breathed More Life Into Market Breadth - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#primaryimage"},"thumbnailUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png","datePublished":"2025-03-20T08:00:34+00:00","dateModified":"2025-03-20T08:00:35+00:00","description":"Powell breathed more life into market breadth with indicators expanding. Each index and market breadth closed at or near key resistance.","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#primaryimage","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/03\/Powell-Breathes-More-Life-Into-Market-Breadth.png","width":721,"height":578,"caption":"Powell Breathes More Life Into Market Breadth (Source - Federal Reserve, March 19, 2025)"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/03\/20\/powell-breathed-more-life-into-market-breadth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Powell Breathed More Life Into Market Breadth"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/73193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=73193"}],"version-history":[{"count":13,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/73193\/revisions"}],"predecessor-version":[{"id":73207,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/73193\/revisions\/73207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media\/73201"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=73193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=73193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=73193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}