{"id":76491,"date":"2025-09-27T15:45:25","date_gmt":"2025-09-27T22:45:25","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=76491"},"modified":"2025-09-27T15:45:26","modified_gmt":"2025-09-27T22:45:26","slug":"market-breadth-wavering-under-the-threat-of-government-shutdown","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/","title":{"rendered":"Market Breadth Wavering Under the Threat of Government Shutdown &#8211; The Market Breadth"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Stock Market Commentary<\/strong><\/h2>\n\n\n\n<p>After a month of churning, market breadth is wavering again. This slip is just about the only sign that the market cares at all about looming risks from a potential government shutdown. Even the volatility index (VIX) dropped 8.6% on Friday and remains just below where it closed right before the tariff drama, trauma, and noise began. The VIX screams out the kind of complacency that complements <a href=\"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/21\/market-breadth-yawned-as-fed-rate-cut-fuels-continued-melt-up-the-market-breadth\/\">a market melt-up<\/a>. The contrast could not be sharper with <a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/09\/11\/how-to-trade-during-the-stock-markets-most-dangerous-months\/\">these most dangerous months of the year<\/a>. In fact, the AI-sponsored complacency in the market is making a mockery of risk, valuations, and anything else that could temper enthusiasm for stocks. If the government actually shuts down, I fully expect the accompanying political acrimony to lead to a protracted battle that could even drown out the coming jobs report as a source of fresh volatility for financial markets.<\/p>\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<h3 class=\"wp-block-heading\"><strong>S&amp;P 500 (SPY)<\/strong><\/h3>\n\n\n\n<p>The S&amp;P 500 painted a picture-perfect test of support at its 20-day moving average (DMA) (the dotted line) after a drift lower from its upper Bollinger Band (BB). The index tapped support mechanically and bounced, then followed through with buying into Friday&#8217;s 0.6% gain. Technically, the move was poetic and frustrating for bearish traders. The S&amp;P 500 formed a bullish hammer pattern at the 20DMA and closed with a perfect reversal of its gains since the Fed cut rates. The uptrend defined by the 20DMA and 50DMA (red line) remains intact, and traders are essentially ignoring the prospect of a government shutdown.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1509\" height=\"830\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-SP-500-SPY.png\" alt=\"The S&amp;P 500 (SPY) drifted from its upper Bollinger Band and then bounced off its 20DMA, reinforcing the short-term uptrend while the market dismissed shutdown risk.\" class=\"wp-image-76475\" title=\"S&amp;P 500 (SPY)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-SP-500-SPY.png 1509w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-SP-500-SPY-768x422.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-SP-500-SPY-1320x726.png 1320w\" sizes=\"auto, (max-width: 1509px) 100vw, 1509px\" \/><figcaption class=\"wp-element-caption\"><strong><em>The S&amp;P 500 (SPY) drifted from its upper Bollinger Band and then bounced off its 20DMA, reinforcing the short-term uptrend while the market dismissed shutdown risk.<\/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<h3 class=\"wp-block-heading\"><strong>NASDAQ (COMPQX)<\/strong><\/h3>\n\n\n\n<p>The NASDAQ traced an arc similar to the S&amp;P 500, sliding neatly into a complete reversal of its post-Fed gain and then jumping higher on Friday. I do not expect the tech laden index to obey technicals as cleanly as the S&amp;P 500, but the reversal of the post-Fed reversal is classic.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-NASDAQ-COMPQ.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1509\" height=\"830\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-NASDAQ-COMPQ.png\" alt=\"The NASDAQ (COMPQ) dipped toward its 20DMA, but rebounded 0.4% before testing support.\" class=\"wp-image-76476\" style=\"aspect-ratio:2\" title=\"NASDAQ (COMPQ)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-NASDAQ-COMPQ.png 1509w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-NASDAQ-COMPQ-768x422.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-NASDAQ-COMPQ-1320x726.png 1320w\" sizes=\"auto, (max-width: 1509px) 100vw, 1509px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The NASDAQ (COMPQ) dipped toward its 20DMA, but rebounded 0.4% before testing support.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>iShares Russell 2000 ETF (IWM)<\/strong><\/h3>\n\n\n\n<p>The iShares Russell 2000 ETF delivered a similar post-Fed setup. I have been trading around a large IWM position, so I mechanically bought call options on the test of 20DMA support and caught the 0.9% pop on Friday. The coming drama over the government shutdown will likely decide whether this latest trade blows up (bad) or explodes higher (good).<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-iShares-Russell-2000-ETF-IWM.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1510\" height=\"830\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-iShares-Russell-2000-ETF-IWM.png\" alt=\"The iShares Russell 2000 ETF (IWM) perfectly tested its 20DMA, falling away from all-time highs similar to the S&amp;P 500.\" class=\"wp-image-76477\" style=\"aspect-ratio:1.995249406175772;width:840px;height:auto\" title=\"iShares Russell 2000 ETF (IWM)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-iShares-Russell-2000-ETF-IWM.png 1510w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-iShares-Russell-2000-ETF-IWM-768x422.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-iShares-Russell-2000-ETF-IWM-1320x726.png 1320w\" sizes=\"auto, (max-width: 1510px) 100vw, 1510px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The iShares Russell 2000 ETF (IWM) perfectly tested its 20DMA, falling away from all-time highs similar to the S&amp;P 500.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>The Short-Term Trading Call With Market Breadth Wavering<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>AT50<\/strong> (MMFI) = 59.1% of stocks are trading above their respective 50-day moving averages<\/li>\n\n\n\n<li><strong>AT200<\/strong> (MMTH) = 60.9% of stocks are trading above their respective 200-day moving averages<\/li>\n\n\n\n<li><strong>Short-term Trading Call<\/strong>: neutral<\/li>\n<\/ul>\n\n\n\n<p>AT50 (MMFI), the percentage of stocks trading above their respective 50DMAs, closed the week at 59.1%. My favorite technical indicator wavered from roughly 60% to 55% on Thursday and then bounced Friday. Still, the short-term trend points lower and bearish with the on-going inability to breach the overbought threshold at 70%. The market breadth wavering keeps me sitting up straight, and a potential government shutdown is yet one more speedbump in the way of completely buying into the overall market melt-up. On the other hand, AT200 (MMTH), the percentage of stocks trading above their respective 200DMAs, remains rangebound and on the edge of a freshly bullish breakout. I estimate a 50\/50 scenario split: either breadth breaks out and confirms healthier conditions or it breaks down and validates my caution on wavering market breadth.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Equities: Market Breadth Wavering<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Apple Inc (AAPL)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> Apple (AAPL) designs and sells smartphones, personal computers, tablets, wearables, and related software and services.<br><strong>Technical status:<\/strong> Sentiment flipped bullish thanks to the iPhone cycle, with a two-day rip of 3.2% and 4.3% that stalled right below the all-time high. The inability to press that high keeps me focused on the prospect of sellers forcing the issue back to 20DMA or 50DMA support before the rally resumes.<br><strong>Trade commentary:<\/strong> I am watching for either a clean breakout to new highs to validate momentum or a test of the 20DMA or 50DMA to offer a dip buy. If buyers keep hesitating here, I have to assume a pullback unfolds.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Apple-Inc-AAPL.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1611\" height=\"799\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Apple-Inc-AAPL.png\" alt=\"Apple (AAPL) surged above its upper Bollinger Band on iPhone enthusiasm and then stalled below its all-time high, leaving a decision between breakout and a pullback to moving-average support.\" class=\"wp-image-76478\" title=\"Apple Inc (AAPL)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Apple-Inc-AAPL.png 1611w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Apple-Inc-AAPL-768x381.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Apple-Inc-AAPL-1536x762.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Apple-Inc-AAPL-1320x655.png 1320w\" sizes=\"auto, (max-width: 1611px) 100vw, 1611px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Apple (AAPL) surged above its upper Bollinger Band on iPhone enthusiasm and then stalled below its all-time high, leaving a decision between breakout and a pullback to moving-average support.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Zillow Group (ZG)<\/strong><\/h3>\n\n\n\n<p><br><strong>Description:<\/strong> Zillow Group (ZG) operates online real estate marketplaces and related services for home buyers, sellers, renters, and partners.<br><strong>Technical status:<\/strong> ZG started the week selling off 6.9% in the wake of competitor <a href=\"https:\/\/www.reuters.com\/legal\/transactional\/brokerage-firm-compass-acquire-anywhere-real-estate-around-15-billion-2025-09-22\/\">Compass (COMP) buying its direct competitor Anywhere Real estate (HOUS)<\/a>. As a result, ZG broke a rising trend after a classic topping signal where price pushed far above the upper Bollinger Band and reversed. The failure at a double top spanning 2024\u20132025 turned the chart into a caution zone.<br><strong>Trade commentary:<\/strong> I sold out of ZG just in time. A fourth fade from a Bollinger Band over-extension finally convinced me to take profits. I am likely not getting back in anytime soon as I want to refocus my housing market trades on the builders.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/Bgo8I1Wu\/\" alt=\"\"\/><figcaption class=\"wp-element-caption\"><strong><em>Zillow Group (ZG) reversed from an over-Bollinger surge and failed at a multi-year double top, turning a prior uptrend into a cautionary setup.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Compass (COMP)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> Compass (COMP) provides a residential real estate brokerage platform and services for agents and clients.<br><strong>Technical status:<\/strong> The acquisition of HOUS triggered a 15.7% drop in COMP. The stock had just rallied back toward year-to-date highs from a 28.3% post-earnings pop in February, but buyers never mustered momentum beyond that.<br><strong>Trade commentary:<\/strong> I see the technical damage and will watch to see whether management can win investors back in the next earnings report. Like ZG, I will treat COMP as another indicator of the housing market&#8217;s health.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/xwWCQjNY\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/xwWCQjNY\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Compass (COMP) sold off sharply on acquisition news and failed near year highs, shifting the chart from recovery to repair mode.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Morningstar (MORN)<\/strong><\/h3>\n\n\n\n<p><br><strong>Description:<\/strong> Morningstar (MORN) provides independent investment research, data, analytics, and investment management services.<br><strong>Technical status:<\/strong> MORN dropped 6% the previous week in sympathy with FactSet Research Systems Inc (FDS) and could not recover, staying within a broader downtrend that began after a marginal new all-time high failed around the beginning of the year.<br><strong>Trade commentary:<\/strong> I am watching MORN as part of my interest in how AI deep research is impacting research firms. The chart keeps me cautious and this year&#8217;s downtrend says plenty.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/zB2uUuYd\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/zB2uUuYd\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The FDS collapse accelerated the downtrend in Morningstar (MORN).<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>First Solar (FSLR)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> First Solar (FSLR) manufactures thin-film solar modules and provides utility-scale photovoltaic solutions.<br><strong>Technical status:<\/strong> FSLR&#8217;s 20DMA and 50DMA line up in a tidy uptrend while policy headlines failed to knock the stock off trend. Pullbacks to support keep resolving higher.<br><strong>Trade commentary:<\/strong> I finally accumulated shares to ride the trend. If lower prices arrive as I earlier expected, I welcome the chance to add shares at a discount.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/mdlrLp9Q\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/mdlrLp9Q\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>First Solar (FSLR) respected its 20DMA\/50DMA uptrend and continued higher despite policy noise, reinforcing trend-following entries.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Mongodb Inc (MDB)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> MongoDB (MDB) develops and supports a general-purpose database platform for application developers.<br><strong>Technical status:<\/strong> After a 38% post-earnings gap, MDB held gains and compressed into a Bollinger Band squeeze, signaling a volatility transition that often precedes a directional move.<br><strong>Trade commentary:<\/strong> I am watching for a break above roughly $342 to confirm a buy signal or a breakdown toward the high-$300s to flip the signal the other way.<br><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Mongodb-Inc-MDB.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1609\" height=\"797\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Mongodb-Inc-MDB.png\" alt=\"Mongodb Inc (MDB) stagnated throughout the week, ending up in breaking down below the 20DMA. The stock consolidated a large earnings gap into a Bollinger Band squeeze, setting up for an imminent breakout or breakdown.\" class=\"wp-image-76479\" title=\"Mongodb Inc (MDB)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Mongodb-Inc-MDB.png 1609w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Mongodb-Inc-MDB-768x380.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Mongodb-Inc-MDB-1536x761.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Mongodb-Inc-MDB-1320x654.png 1320w\" sizes=\"auto, (max-width: 1609px) 100vw, 1609px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Mongodb Inc (MDB) stagnated throughout the week, ending up in breaking down below the 20DMA. The stock consolidated a large earnings gap into a Bollinger Band squeeze, setting up for an imminent breakout or breakdown.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Alibaba Group Holding Ltd (BABA)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> Alibaba (BABA) operates e-commerce, cloud computing, digital media, and related technology platforms.<br><strong>Technical status:<\/strong> I read the previous stall (tight trading range) as a topping setup, reinforced by a sharp 8.1% pullback in Baidu (BIDU). However, BABA gapped higher 8.2% the next day on news of a purchase of NVDA software.<br><strong>Trade commentary:<\/strong> I learned a lesson about evaluating tops in a market melt-up environment. When trading bearish patterns in a sharp uptrend, I should consider what could go right. In the case of BABA a simple call option in the addition to my put spread (paid for by going short a call spread) could have actually made the entire position profitable. I have to remind myself that this environment of on-going AI headlines, a fresh market celebration is just a press release away.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Alibaba-Group-Holding-Ltd-BABA.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1611\" height=\"792\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Alibaba-Group-Holding-Ltd-BABA.png\" alt=\"Alibaba Group Holding Ltd (BABA) rose alongside its upper Bollinger Band and negated a potential topping pattern after a software deal with NVDA gapped BABA even higher.\" class=\"wp-image-76481\" title=\"Alibaba Group Holding Ltd (BABA)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Alibaba-Group-Holding-Ltd-BABA.png 1611w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Alibaba-Group-Holding-Ltd-BABA-768x378.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Alibaba-Group-Holding-Ltd-BABA-1536x755.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Alibaba-Group-Holding-Ltd-BABA-1320x649.png 1320w\" sizes=\"auto, (max-width: 1611px) 100vw, 1611px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Alibaba Group Holding Ltd (BABA) rose alongside its upper Bollinger Band and negated a potential topping pattern after a software deal with NVDA gapped BABA even higher.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>eBay Inc (EBAY)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> eBay (EBAY) operates a global online marketplace platform for buyers and sellers.<br><strong>Technical status:<\/strong> EBAY hugged its 50DMA uptrend, making it a trend-following candidate, but a 2.1% pullback that underperformed the market dented my confidence in the near-term setup.<br><strong>Trade commentary:<\/strong> I bought a call spread for a continuation bounce off the 50DMA; the underperformance makes me question the trade. I am prepared to make a quick exit and accept the loss.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-eBay-Inc-EBAY.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1613\" height=\"795\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-eBay-Inc-EBAY.png\" alt=\"eBay Inc (EBAY) maintained 50DMA support. However, its underperformance on an up day, tempered my confidence in a successful test of support.\" class=\"wp-image-76482\" title=\"eBay Inc (EBAY)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-eBay-Inc-EBAY.png 1613w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-eBay-Inc-EBAY-768x379.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-eBay-Inc-EBAY-1536x757.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-eBay-Inc-EBAY-1320x651.png 1320w\" sizes=\"auto, (max-width: 1613px) 100vw, 1613px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>eBay Inc (EBAY) maintained 50DMA support. However, its underperformance on an up day, tempered my confidence in a successful test of support.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>CarMax (KMX)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> CarMax (KMX) operates used-vehicle retail stores and provides related wholesale auctions and financing.<br><strong>Technical status:<\/strong> KMX collapsed about 20% post-earnings and extended a long-running downtrend that started after its 2021 peak. The chart has warned of an imminent collapse for a long time.<br><strong>Trade commentary:<\/strong> This is a case where the technicals lead: do not argue with a persistent downtrend. The chart below includes a long mea culpa from an analyst who ignored the trend and had a positive rating on KMX going into the collapse. It is a classic case of how fundamental analysis can fail in spectacular fashion, especially when it contrasts so starkly with technical realities.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/20250926_KMX-CarMax-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1510\" height=\"830\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/20250926_KMX-CarMax-Inc.png\" alt=\"CarMax Inc (KMX) collapsed 20.1% post-earnings to levels last seen in 2020 and forced an analyst to issue a major mea culpa.\" class=\"wp-image-76515\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/20250926_KMX-CarMax-Inc.png 1510w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/20250926_KMX-CarMax-Inc-768x422.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/20250926_KMX-CarMax-Inc-1320x726.png 1320w\" sizes=\"auto, (max-width: 1510px) 100vw, 1510px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>CarMax Inc (KMX) collapsed 20.1% post-earnings to levels last seen in 2020 and forced an analyst to issue a major mea culpa.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Intel (INTC)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> Intel (INTC) designs and manufactures microprocessors, platforms, and related semiconductor products.<br><strong>Technical status:<\/strong> After taking profits in INTC, <a href=\"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/21\/market-breadth-yawned-as-fed-rate-cut-fuels-continued-melt-up-the-market-breadth\/\">I flagged a natural support line<\/a> at a pre-gap close and watched INTC puncture support and then reclaim it. The next session\u2019s 6.4% rise confirmed the bounce before news chatter about Apple talks surfaced.<br><strong>Trade commentary:<\/strong> I should have re-entered on the first up day after the test of support. I simply lost track of this trade. Note how the market loudly telegraphed the big news to come.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/1T50chsv\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/1T50chsv\/\" alt=\"\"\/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Intel (INTC) successfully tested a key support line from the top its post-earnings collapse last year. The rebound confirmed support and provided a fresh entry point.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>International Business Machines Corp (IBM)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> IBM (IBM) provides hybrid cloud, AI, consulting, infrastructure, and emerging technologies including quantum computing.<br><strong>Technical status:<\/strong> IBM popped 5.2% on news of a partnership with HSBC to do quantum-driven bond trading (uh, what and why??!!). The move finished closing IBM&#8217;s post-earnings gap down. <br><strong>Trade commentary:<\/strong> I consider IBM a buy-the-dip stock in my AI and quantum trade baskets. I took profits in an IBM position just two days before the HSBC news. I am now waiting for the next dip.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-International-Business-Machines-Corp-IBM.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1612\" height=\"795\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-International-Business-Machines-Corp-IBM.png\" alt=\"International Business Machines Corp (IBM) broke out above its 50DMA, rising alongside its upper Bollinger Band and filled its post-earnings gap on quantum computing headlines.\" class=\"wp-image-76483\" title=\"International Business Machines Corp (IBM)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-International-Business-Machines-Corp-IBM.png 1612w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-International-Business-Machines-Corp-IBM-768x379.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-International-Business-Machines-Corp-IBM-1536x758.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-International-Business-Machines-Corp-IBM-1320x651.png 1320w\" sizes=\"auto, (max-width: 1612px) 100vw, 1612px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>International Business Machines Corp (IBM) broke out above its 50DMA, rising alongside its upper Bollinger Band and filled its post-earnings gap on quantum computing headlines.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>IonQ Inc (IONQ)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> IonQ (IONQ) develops quantum computing hardware and cloud services.<br><strong>Technical status:<\/strong> IONQ sold off about 6% in the wake of IBM\u2019s quantum headlines, offering a potential opportunity if price drifts into 20DMA or, better, 50DMA support.<br><strong>Trade commentary:<\/strong> I will look to buy my next IONQ tranche near 20DMA support around the high-$50s or, ideally, closer to the 50DMA near the high-$40s.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-IONQ-Inc-IONQ.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1613\" height=\"796\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-IONQ-Inc-IONQ.png\" alt=\"IonQ Inc (IONQ) successfully lifted itself off its 50DMA, setting a new all-time high before fading away partially driven by IBM's news. I am looking for a fresh test of moving averages for a fresh buying opportunity.\" class=\"wp-image-76484\" title=\"IONQ Inc (IONQ)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-IONQ-Inc-IONQ.png 1613w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-IONQ-Inc-IONQ-768x379.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-IONQ-Inc-IONQ-1536x758.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-IONQ-Inc-IONQ-1320x651.png 1320w\" sizes=\"auto, (max-width: 1613px) 100vw, 1613px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>IonQ Inc (IONQ) successfully lifted itself off its 50DMA, setting a new all-time high before fading away partially driven by IBM&#8217;s news. I am looking for a fresh test of moving averages for a fresh buying opportunity.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Marvell Technology Inc (MRVL)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> Marvell Technology (MRVL) designs and supplies data infrastructure semiconductor solutions.<br><strong>Technical status:<\/strong> MRVL broke above 200DMA resistance (the blue line) after erasing an 18.6% post-earnings drop from last month and working through a 20% post-earnings gap from March. Follow-through buying would set up a very bullish trade opportunity.<br><strong>Trade commentary:<\/strong> MRVL is now on my buy list as I watch for either a second close above the 200DMA or a tag of that line as confirmed support.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1614\" height=\"793\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Marvell-Technology-Inc-MRVL.png\" alt=\"Marvell Technology Inc (MRVL) broke out above both its 50DMA and 200DMA setting up a bullish breakout closing above the last breakout.\" class=\"wp-image-76485\" title=\"Marvell Technology Inc (MRVL)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Marvell-Technology-Inc-MRVL.png 1614w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Marvell-Technology-Inc-MRVL-768x377.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Marvell-Technology-Inc-MRVL-1536x755.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Marvell-Technology-Inc-MRVL-1320x649.png 1320w\" sizes=\"auto, (max-width: 1614px) 100vw, 1614px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Marvell Technology Inc (MRVL) broke out above both its 50DMA and 200DMA setting up a bullish breakout closing above the last breakout.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Nike Inc (NKE)<\/strong><\/h3>\n\n\n\n<p><strong>Description:<\/strong> Nike (NKE) designs, develops, and markets athletic footwear, apparel, equipment, and accessories.<br><strong>Technical status:<\/strong> NKE broke below its 200DMA and looks tired heading into earnings this coming week. Just like KMX, a longer-term downtrend is a bright red flag hanging over NKE.<br><strong>Trade commentary:<\/strong> I am not forcing a trade; I want to see how technicals resolve through earnings and what the earnings news says about the consumer.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1612\" height=\"798\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Nike-Inc-NKE.png\" alt=\"Nike Inc (NKE) broke down below its 50DMA, dropping below its 200DMA, consistent with a larger downtrend. The latest breakdown makes me cautious going into the coming week's earnings announcement.\" class=\"wp-image-76486\" title=\"Nike Inc (NKE)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Nike-Inc-NKE.png 1612w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Nike-Inc-NKE-768x380.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Nike-Inc-NKE-1536x760.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-Nike-Inc-NKE-1320x653.png 1320w\" sizes=\"auto, (max-width: 1612px) 100vw, 1612px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Nike Inc (NKE) broke down below its 50DMA, dropping below its 200DMA, consistent with a larger downtrend. The latest breakdown makes me cautious going into the coming week&#8217;s earnings announcement.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT50-MMFI.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1612\" height=\"792\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT50-MMFI.png\" alt=\"AT50 (MMFI) is wavering with the threat of a government shutdown presumably weighing on AT50 and pushing it further away from the overbought threshold.\" class=\"wp-image-76487\" style=\"aspect-ratio:1.9858156028368794\" title=\"AT50 (MMFI)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT50-MMFI.png 1612w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT50-MMFI-768x377.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT50-MMFI-1536x755.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT50-MMFI-1320x649.png 1320w\" sizes=\"auto, (max-width: 1612px) 100vw, 1612px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT50 (MMFI) is wavering with the threat of a government shutdown presumably weighing on AT50 and pushing it further away from the overbought threshold.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT200-MMTH.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1611\" height=\"793\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT200-MMTH.png\" alt=\"AT200 (MMTH) held inside a trading range, indicating longer-term market breadth is steadier (and more encouraging) than AT50.\" class=\"wp-image-76488\" title=\"AT200 (MMTH)\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT200-MMTH.png 1611w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT200-MMTH-768x378.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT200-MMTH-1536x756.png 1536w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2023\/07\/092625-AT200-MMTH-1320x650.png 1320w\" sizes=\"auto, (max-width: 1611px) 100vw, 1611px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT200 (MMTH) held inside a trading range, indicating longer-term market breadth is steadier (and more encouraging) than AT50.<\/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 #72 over 20%, Day #70 over 30%, Day #65 over 40%, Day #38 over 50% (overperiod), Day #2 under 60% (underperiod), Day #45 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 IWM shares and call options, long SPY put spreads, short FDS put, long FSLR<\/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=\"Market Breadth Wavering Under the Threat of Government Shutdown #stockmarket\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/VTWlbHIZrhg?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","protected":false},"excerpt":{"rendered":"<p>Stock Market Commentary After a month of churning, market breadth is wavering again. This slip is just about the only sign that the market cares at all about looming risks from a potential government shutdown. Even the volatility index (VIX) dropped 8.6% on Friday and remains just below where it closed right before the tariff &#8230; <a title=\"Market Breadth Wavering Under the Threat of Government Shutdown &#8211; The Market Breadth\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":76506,"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":[368,584,483,482,1862,4,219,35,3604,512,338,796,1311,3,511,62,982,920],"tags":[250,3618,534,1440,3694,3823,3824,1244,3775,6,7,399,222,2963,400,3605,3606,1855,1088,2067,2369,3822,3825,1087,3514,1013,1738,2152],"class_list":["post-76491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","category-bollinger-band","category-breakdown","category-breakout","category-business-services","category-china","category-high-tech","category-housing","category-quantum-computing","category-resistance","category-retail","category-semiconductors","category-software","category-solar-energy","category-support","category-technical-analysis","category-trading-range","category-uptrend","tag-aapl","tag-alibaba-group-holding-ltd","tag-apple-inc","tag-baba","tag-carmax-inc","tag-comp","tag-compass-inc","tag-ebay","tag-ebay-inc","tag-first-solar","tag-fslr","tag-ibm","tag-intc","tag-intel-corporation","tag-international-business-machines-corporation","tag-ionq","tag-ionq-inc","tag-kmx","tag-marvell-technology-group-ltd","tag-mdb","tag-mongodb","tag-morn","tag-morningstar-inc","tag-mrvl","tag-nike-inc","tag-nke","tag-zg","tag-zillow-group"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Breadth Wavering Under the Threat of Government Shutdown \u2013 The Market Breadth<\/title>\n<meta name=\"description\" content=\"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.\" \/>\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\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Breadth Wavering Under the Threat of Government Shutdown - The Market Breadth\" \/>\n<meta property=\"og:description\" content=\"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-27T22:45:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-27T22:45:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1191\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Breadth Wavering Under the Threat of Government Shutdown - The Market Breadth\" \/>\n<meta name=\"twitter:description\" content=\"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg\" \/>\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=\"16 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Market Breadth Wavering Under the Threat of Government Shutdown &#8211; The Market Breadth\",\"datePublished\":\"2025-09-27T22:45:25+00:00\",\"dateModified\":\"2025-09-27T22:45:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/\"},\"wordCount\":2525,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg\",\"keywords\":[\"AAPL\",\"Alibaba Group Holding Ltd\",\"Apple Inc\",\"BABA\",\"CarMax Inc\",\"COMP\",\"Compass Inc\",\"EBAY\",\"eBay Inc\",\"First Solar\",\"FSLR\",\"IBM\",\"INTC\",\"Intel Corporation\",\"International Business Machines Corporation\",\"IONQ\",\"IonQ Inc\",\"KMX\",\"Marvell Technology Group Ltd\",\"MDB\",\"MongoDB\",\"MORN\",\"MOrningstar Inc\",\"MRVL\",\"Nike Inc\",\"NKE\",\"ZG\",\"Zillow Group\"],\"articleSection\":[\"Automotive\",\"Bollinger Band\",\"Breakdown\",\"Breakout\",\"Business Services\",\"China\",\"High Tech\",\"Housing\",\"Quantum Computing\",\"Resistance\",\"Retail\",\"Semiconductors\",\"Software\",\"Solar Energy\",\"Support\",\"Technical Analysis\",\"Trading Range\",\"Uptrend\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/\",\"name\":\"Market Breadth Wavering Under the Threat of Government Shutdown \u2013 The Market Breadth\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg\",\"datePublished\":\"2025-09-27T22:45:25+00:00\",\"dateModified\":\"2025-09-27T22:45:26+00:00\",\"description\":\"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#primaryimage\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg\",\"width\":1191,\"height\":667,\"caption\":\"market breadth wavering under the threat of a government shutdown\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2025\\\/09\\\/27\\\/market-breadth-wavering-under-the-threat-of-government-shutdown\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Breadth Wavering Under the Threat of Government Shutdown &#8211; The 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":"Market Breadth Wavering Under the Threat of Government Shutdown \u2013 The Market Breadth","description":"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.","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\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/","og_locale":"en_US","og_type":"article","og_title":"Market Breadth Wavering Under the Threat of Government Shutdown - The Market Breadth","og_description":"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.","og_url":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2025-09-27T22:45:25+00:00","article_modified_time":"2025-09-27T22:45:26+00:00","og_image":[{"width":1191,"height":667,"url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg","type":"image\/jpeg"}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_title":"Market Breadth Wavering Under the Threat of Government Shutdown - The Market Breadth","twitter_description":"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.","twitter_image":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"16 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Market Breadth Wavering Under the Threat of Government Shutdown &#8211; The Market Breadth","datePublished":"2025-09-27T22:45:25+00:00","dateModified":"2025-09-27T22:45:26+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/"},"wordCount":2525,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#primaryimage"},"thumbnailUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg","keywords":["AAPL","Alibaba Group Holding Ltd","Apple Inc","BABA","CarMax Inc","COMP","Compass Inc","EBAY","eBay Inc","First Solar","FSLR","IBM","INTC","Intel Corporation","International Business Machines Corporation","IONQ","IonQ Inc","KMX","Marvell Technology Group Ltd","MDB","MongoDB","MORN","MOrningstar Inc","MRVL","Nike Inc","NKE","ZG","Zillow Group"],"articleSection":["Automotive","Bollinger Band","Breakdown","Breakout","Business Services","China","High Tech","Housing","Quantum Computing","Resistance","Retail","Semiconductors","Software","Solar Energy","Support","Technical Analysis","Trading Range","Uptrend"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/","url":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/","name":"Market Breadth Wavering Under the Threat of Government Shutdown \u2013 The Market Breadth","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#primaryimage"},"thumbnailUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg","datePublished":"2025-09-27T22:45:25+00:00","dateModified":"2025-09-27T22:45:26+00:00","description":"Market breadth is wavering again. This slip is just about the only sign that the market cares at about looming risks from a potential government shutdown.","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#primaryimage","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2025\/09\/market-breadth-wavering-under-the-threat-of-a-government-shutdown.jpg","width":1191,"height":667,"caption":"market breadth wavering under the threat of a government shutdown"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2025\/09\/27\/market-breadth-wavering-under-the-threat-of-government-shutdown\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Market Breadth Wavering Under the Threat of Government Shutdown &#8211; The 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\/76491","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=76491"}],"version-history":[{"count":32,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/76491\/revisions"}],"predecessor-version":[{"id":76526,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/76491\/revisions\/76526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media\/76506"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=76491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=76491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=76491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}