{"id":83750,"date":"2026-09-14T00:01:08","date_gmt":"2026-09-14T07:01:08","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=83750"},"modified":"2026-09-14T00:02:04","modified_gmt":"2026-09-14T07:02:04","slug":"market-breadths-latest-warning-as-oil-inflation-and-rates-rise","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2026\/09\/14\/market-breadths-latest-warning-as-oil-inflation-and-rates-rise\/","title":{"rendered":"Market Breadth&#8217;s Latest Warning As Oil, Inflation and Rates Rise"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>The Market Breadth Summary: Latest Warning<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#e9f3ff\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>Market breadth delivered its latest warning as AT50 fell to 39.7%, its lowest level since April, while AT200 weakened toward its May low and the equal-weighted S&amp;P 500 suffered a 50DMA breakdown.<\/li>\n\n\n\n<li>Rising oil prices intensified inflation concerns and higher bond yields, pressuring small caps, retailers, and other interest-rate-sensitive stocks.<\/li>\n\n\n\n<li>The S&amp;P 500 and NASDAQ held critical 50-day moving-average support as strength in AI-related tech stocks offset broader market weakness.<\/li>\n\n\n\n<li>Consumer-facing stocks showed growing technical damage, while oil\u2019s parabolic surge added pressure ahead of the Federal Reserve\u2019s monetary-policy decision.<\/li>\n\n\n\n<li>The deterioration in market breadth prompted me to shift my short-term trading call from cautiously bullish to neutral.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Stock Market Summary<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Rising oil prices dominated the trading backdrop last week. Soaring oil prices helped emphasize inflation fears and bolstered higher bond yields (rates). While the S&amp;P 500 and the NASDAQ survived tests of critical support thanks in large part to strong rebounds in AI-related stocks, small caps and other interest rate sensitive sectors, especially retail, suffered selling heavy enough to break market breadth just a week after <a href=\"https:\/\/drduru.com\/onetwentytwo\/2026\/09\/06\/higher-rates-nearly-broke-market-breadth-as-divergences-widened\/\">market breadth narrowly avoided a breakdown<\/a>. The plunge in market breadth forced me to adopt a short-term neutral stance on the stock market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I now await the Federal Reserve&#8217;s upcoming decision on monetary policy as a potentially major pivot point for the market. The market expects a 25 basis point hike, but the odds of such a move look far too high given the political pressures I believe the Fed still faces; at the time of writing, the odds of a rate hike are 87% <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">according to the CME FedWatch tool<\/a>. I am bracing for a market surprise and <a href=\"https:\/\/inflationwatch.drduru.com\/warsh-doubled-down-on-jawboning-even-as-the-fed-fights-over-rate-hikes\/\">remain skeptical that the Fed will gather enough votes for a rate hike<\/a>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Interestingly, the market treated Friday&#8217;s <a href=\"https:\/\/www.bls.gov\/news.release\/archives\/cpi_09112026.htm\">report on inflation via August&#8217;s consumer price index (CPI)<\/a> as a source of relief. Even retail stocks managed a bounce even as bond yields rallied all day after an initial gap down. With core CPI tantalizingly hovering over 2% (treated as a close proxy to the Fed&#8217;s 2% target for PCE), inflation bears and bulls can each make compelling arguments. During Jackson Hole last month, <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/speech\/warsh20260828a.htm\">Fed Chair Kevin Warsh provided a bearish interpretation of recent inflation trends<\/a>: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">&#8220;The Fed&#8217;s preferred measure of inflation, the 12-month change in the PCE price index, stands at 3.7 percent, while the six-month change is 4.1 percent. The comparable measures from the consumer price index (CPI) are also elevated, as are the core measures of both PCE and CPI inflation. None of these measures are perfect, but they all tell a similar story: Inflation is running above our 2 percent target. So the Fed&#8217;s predominant focus right now should be on prices.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">The question going into this week&#8217;s Fed meeting is whether Warsh was just making an observation to encourage bond markets to keep doing the work of dampening inflationary impulses, or was he truly conceding a need to hike the Fed&#8217;s interest rate as well.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>S&amp;P 500 (SPY)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The S&amp;P 500 (SPY) has gone nowhere for over two months, but last week&#8217;s rebound off support at its 50-day moving average (DMA) (red line) makes the index look ready to make a run through 20DMA (dashed line) resistance. This rebound was all the more critical because it maintained the index&#8217;s breakout from early August. However, with a Federal Reserve decision coming up, I am not interested in playing for a continuation move. Market breadth&#8217;s latest warning makes me wary.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SPX-SP-500-Index.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SPX-SP-500-Index.png\" alt=\"The S&amp;P 500 (SPY) successfully tested 50DMA support and continued to cling to its August 4 breakout.\" class=\"wp-image-83754\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SPX-SP-500-Index.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SPX-SP-500-Index-768x692.png 768w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The S&amp;P 500 (SPY) successfully tested 50DMA support and continued to cling to its August 4 breakout.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>NASDAQ (COMPQ)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The NASDAQ (COMPQ) still looks quite similar to the S&amp;P 500. The tech-laden index clung to its early August breakout by rebounding off 50DMA support. This third successful test of 50DMA support in the last three weeks makes the NASDAQ look ready to finally challenge its all-time high from early June. Still, market breadth&#8217;s latest warning keeps me wary ahead of the Fed&#8217;s decision this week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IXIC-Nasdaq-Composite-Index.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IXIC-Nasdaq-Composite-Index.png\" alt=\"The NASDAQ (COMPQ) successfully tested 50DMA support for the third time in three weeks but has yet to challenge the all-time high.\" class=\"wp-image-83755\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IXIC-Nasdaq-Composite-Index.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IXIC-Nasdaq-Composite-Index-768x692.png 768w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The NASDAQ (COMPQ) successfully tested 50DMA support for the third time in three weeks but has yet to challenge the all-time high.<\/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 class=\"wp-block-paragraph\">The iShares Russell 2000 ETF (IWM) is the index with the clearest imprint of market breadth&#8217;s latest warning. The ETF of small caps printed a lower low that is part of a step downtrend from last month&#8217;s all-time high. Last week, IWM also confirmed resistance at its now downtrending 50DMA. While I successfully flipped an IWM weekly call option from Thursday&#8217;s overextended drop, I am not interested in making any other kind of trade on IWM as long as it remains in this bearish territory.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IWM-iShares-Russell-2000-ETF.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IWM-iShares-Russell-2000-ETF.png\" alt=\"The iShares Russell 2000 ETF (IWM) confirmed 50DMA resistance as part of a downtrend from the August all-time high.\" class=\"wp-image-83756\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IWM-iShares-Russell-2000-ETF.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_IWM-iShares-Russell-2000-ETF-768x692.png 768w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The iShares Russell 2000 ETF (IWM) confirmed 50DMA resistance as part of a downtrend from the August all-time high.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>The Short-Term Trading Call With the Latest Warning<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>AT50<\/strong>&nbsp;(MMFI)&nbsp;= 39.7% of stocks are trading above their respective 50-day moving averages<\/li>\n\n\n\n<li><strong>AT200<\/strong>&nbsp;(MMTH) = 51.7% 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 class=\"wp-block-paragraph\">AT50 (MMFI), the percentage of stocks trading above their respective 50DMAs, closed the week at 39.7%, its lowest level since April. Recall that April&#8217;s gap higher followed news of the first ceasefire in the war against Iran. My favorite technical indicator filled that gap at the low of the week and delivered its latest warning about the underlying health of the stock market. I promptly downgraded my short-term trading call from cautiously bullish to neutral after Wednesday&#8217;s drop to 41.4%. That drop confirmed the downtrend in AT50 and resulting bearishness in market breadth.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMFI-Percent-of-Stocks-Above-50-Day-Average.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMFI-Percent-of-Stocks-Above-50-Day-Average.png\" alt=\"AT50 (MMFI - Percent of Stocks Above 50 Day Average) delivered its latest warning about the underlying health of the stock market after finishing a complete reversal of the April gap up.\" class=\"wp-image-83758\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMFI-Percent-of-Stocks-Above-50-Day-Average.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMFI-Percent-of-Stocks-Above-50-Day-Average-768x692.png 768w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT50 (MMFI &#8211; Percent of Stocks Above 50 Day Average) delivered its latest warning about the underlying health of the stock market after finishing a complete reversal of the April gap up.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The equal weighted S&amp;P 500, like the Invesco S&amp;P 500 Equal Weight ETF (RSP), suffered its first 50DMA breakdown since the April breakout. This weakness directly aligns with the latest warning from AT50 given RSP eliminates the over-sized impact of the biggest stocks in the S&amp;P 500.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1525\" height=\"921\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/image.png\" alt=\"\" class=\"wp-image-83832\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/image.png 1525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/image-767x463.png 767w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/image-1320x797.png 1320w\" sizes=\"auto, (max-width: 1525px) 100vw, 1525px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">AT200, the percentage of stocks trading above their respective 200DMAs, endorsed AT50&#8217;s latest warning by losing its pivot around the 56% level. The near test of May&#8217;s low combined with Friday&#8217;s sharp intraday fade makes me further question the underlying health of the stock market. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMTH-Percent-of-Stocks-Above-200-Day-Average.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMTH-Percent-of-Stocks-Above-200-Day-Average.png\" alt=\"AT200 (MMTH - Percent of Stocks Above 200-Day Average) warned about the underlying health of the stock market after ending the pivot around 56% and nearly testing the May low.\" class=\"wp-image-83805\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMTH-Percent-of-Stocks-Above-200-Day-Average.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MMTH-Percent-of-Stocks-Above-200-Day-Average-768x692.png 768w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>AT200 (MMTH &#8211; Percent of Stocks Above 200-Day Average) warned about the underlying health of the stock market after ending the pivot around 56% and nearly testing the May low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The volatility index (VIX) seems to have carved out support around 14.2. The three bounces off this level since last month make me further wary about the stock market. Even Friday&#8217;s sharp reversal looks unconvincing. The VIX is part of the technical setup making the Fed&#8217;s upcoming decision so pivotal.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_VIX-volatility-index.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1525\" height=\"921\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_VIX-volatility-index.png\" alt=\"The volatility index (VIX) briefly broke out above the pre-tariff 2025 line before Friday's relief and 11.0% reversal.\" class=\"wp-image-83759\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_VIX-volatility-index.png 1525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_VIX-volatility-index-768x464.png 768w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_VIX-volatility-index-1320x797.png 1320w\" sizes=\"auto, (max-width: 1525px) 100vw, 1525px\" \/><\/a><figcaption class=\"wp-element-caption\"><em><strong>The volatility index (VIX) briefly broke out above the pre-tariff 2025 line before Friday&#8217;s relief and 11.0% reversal.<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Equities<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>United States Oil Fund (USO)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> The United States Oil Fund, LP is a commodity pool designed to provide exposure to short-term West Texas Intermediate crude-oil futures contracts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> The United States Oil Fund (USO) delivered its latest warning with a parabolic week that peaked at an 11-year high.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> As a proxy for oil prices, USO sits at the center of the latest warning from market breadth. USO&#8217;s breakout and parabolic move last week created a cascade of impacts. High oil prices created greater fears of pass-through to the rest of the goods economy. Higher inflation pressures in turn pushed bond yields higher. Friday&#8217;s report on August&#8217;s consumer price index provided brief relief at the market open, but sellers took over from there as USO rallied off its gap down open. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On Thursday&#8217;s parabolic breakout, I bought an October $135\/$150 put spread. Parabolic moves almost always end with a large reversal and now seems as good a time as any to bet on a lower USO by next month. We have seen this movie plenty of times before with a strong upward push in oil prices motivating counteraction by governments and\/or oil producers.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_USO-United-States-Oil-Fund.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_USO-United-States-Oil-Fund.png\" alt=\"\" class=\"wp-image-83762\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_USO-United-States-Oil-Fund.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_USO-United-States-Oil-Fund-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The United States Oil Fund (USO) delivered its latest warning with a parabolic week that peaked at an 11-year high.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>SPDR S&amp;P Retail ETF (XRT)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> The SPDR S&amp;P Retail ETF tracks an index of U.S. retail companies spanning several retail industries and market-capitalization ranges.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> The SPDR S&amp;P Retail ETF (XRT) delivered its latest warning about the health of the U.S. consumer with a confirmed 200DMA breakdown and 3-month low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> Higher oil prices reduce consumer spending power. Accordingly, XRT felt the pressure last week. The ETF of retailers confirmed a 200DMA breakdown. Friday&#8217;s 1.4% rebound surprised me given the CPI report did not change the contours of the week&#8217;s pressures or market breadth&#8217;s latest warning. XRT is near the top of my board to watch for the coming week.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_XRT-SPDR-SP-Retail-ETF.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_XRT-SPDR-SP-Retail-ETF.png\" alt=\"\" class=\"wp-image-83764\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_XRT-SPDR-SP-Retail-ETF.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_XRT-SPDR-SP-Retail-ETF-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The SPDR S&amp;P Retail ETF (XRT) delivered its latest warning about the health of the U.S. consumer with a confirmed 200DMA breakdown and 3-month low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Casey&#8217;s General Stores, Inc. (CASY)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Casey&#8217;s General Stores operates convenience stores that sell fuel, prepared food, groceries and other merchandise across the United States.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Casey&#8217;s General Stores, Inc. (CASY) warned about the health of the consumer after plunging 14.2% post-earnings and closing the week at a 7-month low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> CASY has enjoyed a consistent uptrend since a 2024 breakout. That breakout accelerated in 2026 only to come to a screeching halt after June&#8217;s 20.3% post-earnings surge. The stock lost gas from there. By the end of June, sellers reversed the one-day gains. A rebound attempt fell short of June&#8217;s all-time high. Thus, the stock\u2019s position just above its 200DMA the day ahead of earnings presented a warning sign. CASY last closed below this long-term support line back in March 2025. The stock&#8217;s 14.2% post-earnings plunge last week gapped below 200DMA support. CASY is now in a rare bearish position as one more sign of growing weakness in consumer-facing stocks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/seekingalpha.com\/news\/4641292-casey-s-targets-120-new-stores-in-fy-2027-as-cefco-remodels-show-30-percent-pf-and-db-lift\">Casey&#8217;s reported<\/a> that diluted EPS increased 27.7% year-over-year to $7.37, while inside same-store sales rose 3.2% and total fuel gross profit increased 19.6%. Fuel gallons were down 0.3% on a one-year basis. The surge in profitability was not enough to keep the stock supported, but I could not find clear fault with the overall message from earnings. Thus, I am a buyer once the stock trades above its post-earnings intraday high at $656.50. If I had noticed CASY&#8217;s initial fall, I would have bought on Thursday&#8217;s brief rally.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CASY-Caseys-General-Stores-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CASY-Caseys-General-Stores-Inc.png\" alt=\"\" class=\"wp-image-83766\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CASY-Caseys-General-Stores-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CASY-Caseys-General-Stores-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Casey&#8217;s General Stores, Inc. (CASY) warned about the health of the consumer after plunging 14.2% post-earnings and closing the week at a 7-month low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>The TJX Companies, Inc. (TJX)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> The TJX Companies operates off-price apparel and home-fashion retail chains including T.J. Maxx, Marshalls, HomeGoods and related banners.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> The TJX Companies, Inc. (TJX) continued its post-earnings struggles with a 13-month low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> TJX has surprisingly struggled. A downtrend since August accelerated after a 4.2% post-earnings loss almost a month ago. Like CASY, TJX enjoyed a comfortable uptrend for years. In fact, TJX broke out more than 29 years ago and never looked back. The current 13-month low is a rare sign of weakness that aligns with the looming weakness in consumer-facing stocks that forms part of the latest warnings from market breadth.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TJX-TJX-Companies-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TJX-TJX-Companies-Inc.png\" alt=\"\" class=\"wp-image-83768\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TJX-TJX-Companies-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TJX-TJX-Companies-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>The TJX Companies, Inc. (TJX) continued its post-earnings struggles with a 13-month low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Burlington Stores, Inc. (BURL)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Burlington Stores operates a U.S. chain of off-price stores selling branded apparel, footwear, accessories, home merchandise and other consumer goods.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Burlington Stores, Inc. (BURL) continued its post-earnings struggles with a 14-month low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> Throw BURL into the universe of ever weakening retail stocks. In a familiar pattern, BURL has traded straight down since mid-August. Thursday&#8217;s 6.4% 1-day plunge and 14-month low put an exclamation point on the latest warning from market breadth.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_BURL-Burlington-Stores-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_BURL-Burlington-Stores-Inc.png\" alt=\"\" class=\"wp-image-83770\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_BURL-Burlington-Stores-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_BURL-Burlington-Stores-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Burlington Stores, Inc. (BURL) continued its post-earnings struggles with a 14-month low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Etsy, Inc. (ETSY)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Etsy operates an online marketplace connecting buyers with independent sellers of handmade, vintage and other distinctive goods.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Etsy, Inc. (ETSY) confirmed a 50DMA breakdown but ended the week attempting to carve a bottom at a 3-month low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> Etsy participated in <a href=\"https:\/\/investors.etsy.com\/news-events\/ir-events-calendar\/detail\/20250909-goldman-sachs-communacopia-and-technology-conference\" target=\"_blank\" rel=\"noreferrer noopener\">the Goldman Sachs Communacopia + Technology Conference on Wednesday<\/a>. Whatever the company said seemed to put the brakes on a steep slide as part of a bearish 50DMA breakdown. I put ETSY on my buy list with a tight stop-loss below the week&#8217;s intraday low at $69.99 and a tight profit target at the downtrending 20DMA. I am making this trade in spite of the latest warning from market breadth because the technicals are so compelling.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ETSY-Etsy-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ETSY-Etsy-Inc.png\" alt=\"\" class=\"wp-image-83772\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ETSY-Etsy-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ETSY-Etsy-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Etsy, Inc. (ETSY) confirmed a 50DMA breakdown but ended the week attempting to carve a bottom at a 3-month low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Shopify Inc. (SHOP)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Shopify provides a commerce platform that lets merchants build stores, process payments, manage operations and sell through digital and physical channels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Shopify Inc. (SHOP) confirmed a 200DMA breakdown on its way to finishing a reversal of August&#8217;s 17.0% post-earnings pop.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> Shopify&#8217;s CFO and head of growth <a href=\"https:\/\/event.webcasts.com\/starthere.jsp?ei=1773207&amp;tp_key=c1ddd6e05a&amp;tp_special=8\">appeared at the Goldman Sachs Communacopia + Technology Conference Thursday<\/a> after the market closed. Like ETSY, the presentation at this conference seemed to shore up investor confidence enough to stem losses for the week. Still, until SHOP recovers support at its 50DMA, this stock is yet one more constituent of consumer-facing stocks contributing to market breadth&#8217;s latest warning.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SHOP-Shopify-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SHOP-Shopify-Inc.png\" alt=\"\" class=\"wp-image-83774\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SHOP-Shopify-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_SHOP-Shopify-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Shopify Inc. (SHOP) confirmed a 200DMA breakdown on its way to finishing a reversal of August&#8217;s 17.0% post-earnings pop.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>DoorDash, Inc. (DASH)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> DoorDash operates a local-commerce platform that connects consumers with restaurants, grocery stores, retailers and other merchants for delivery and pickup.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> September ended the rebound momentum for DoorDash, Inc. (DASH). Last week the stock confirmed a 50DMA breakdown with a 2-month low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> <a href=\"https:\/\/about.doordash.com\/en-us\/news\/doordash-skims-partnership\">DoorDash announced Tuesday<\/a> that SKIMS would use the platform for on-demand delivery from its U.S. retail stores. The news did not prevent a 50DMA breakdown. A 2-day recovery effort faded from 50DMA resistance and left DASH in a bearish position. Count DASH as another consumer-facing stock contributing to market breadth&#8217;s latest warning.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_DASH-DoorDash-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_DASH-DoorDash-Inc.png\" alt=\"\" class=\"wp-image-83776\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_DASH-DoorDash-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_DASH-DoorDash-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>September ended the rebound momentum for DoorDash, Inc. (DASH). Last week the stock confirmed a 50DMA breakdown with a 2-month low.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Airbnb, Inc. (ABNB)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Airbnb operates a global online marketplace for short-term accommodations, experiences and related travel services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Airbnb, Inc. (ABNB) resolved a Bollinger Band squeeze to the downside but ended the week with a confirmed test of 50DMA support.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> Airbnb had a company-specific catalyst Wednesday when the <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_26_1792\">European Commission proposed a framework that could allow tighter restrictions on short-term rentals in housing-constrained areas<\/a>. ABNB fell 2.8% in the wake of the news, a third down day since breaking 20DMA support. However, ABNB stopped short of contributing to market breadth&#8217;s warning as the stock successfully tested 50DMA support and bounced on Friday by 1.5%. I am a buyer on a second close higher for a short-term trade back to 20DMA resistance.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABNB-Airbnb-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABNB-Airbnb-Inc.png\" alt=\"\" class=\"wp-image-83778\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABNB-Airbnb-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABNB-Airbnb-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Airbnb, Inc. (ABNB) resolved a Bollinger Band squeeze to the downside but ended the week with a confirmed test of 50DMA support.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Celsius Holdings, Inc. (CELH)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Celsius Holdings develops and markets functional beverages through brands including CELSIUS, Alani Nu and Rockstar Energy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Celsius Holdings, Inc. (CELH) made a tepid effort to end a 3-week slide back to its lows of the year after news of share purchases by the CEO.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> Celsius presented at the <a href=\"https:\/\/ir.celsiusholdingsinc.com\/events-and-presentations\/event-details\/2026\/Barclays-19th-Annual-Global-Consumer-Conference-2026-N8gL2KE6CD\/default.aspx\">Barclays Global Consumer Conference Tuesday<\/a>. Since the company included a transcript of the discussion, I ran the content through ChatGPT to get a key points summary broken out into bullish and cautious points. The summary suggests that there is plenty to worry about despite several optimistic projections. See below for more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The stock still fell 3.6% that day, and its 50DMA breakdown added to the latest warning from market breadth. The sell-off in CELH finally stopped after news that the CEO purchased about $494K worth of stock. I followed the insider signal of confidence by buying shares during Friday&#8217;s small rebound. CELH is still in a bearish position further highlighted by weakness all year. Still, I like to follow purchases of key executives almost no matter the circumstance. I will likely stop out of this position if CELH makes a new low for the year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bullish Data Points<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Celsius, Alani Nu, and Rockstar portfolio now controls roughly <strong>20% of the U.S. energy-drink category<\/strong>, giving the company greater leverage with PepsiCo and retailers.<\/li>\n\n\n\n<li>The core Celsius business appears healthier than the headline sales decline suggests. <strong>Dollars per point of distribution increased 16% from the first to the second quarter<\/strong>, despite a <strong>7% reduction in distribution points<\/strong>.<\/li>\n\n\n\n<li>Remaining Celsius single-can SKUs, which represent more than <strong>70% of the business<\/strong>, were growing at a <strong>double-digit rate<\/strong>. Management believes the SKU rationalization created a more productive foundation for renewed growth.<\/li>\n\n\n\n<li>Alani continues to deliver strong retail momentum and has substantial whitespace in convenience stores, foodservice, colleges, universities, and international markets.<\/li>\n\n\n\n<li>Coordinated pricing and promotions across all three brands should improve revenue quality. Management plans to position Alani as super-premium, Celsius as premium, and Rockstar as premium economy while avoiding promotions that cause the brands to compete against one another.<\/li>\n\n\n\n<li>Management sees a path from the current <strong>48% gross margin back to the low-50% range<\/strong> through supply-chain efficiencies, direct purchasing, vertical integration, and revenue growth management. Commodity relief would accelerate the improvement but is not required.<\/li>\n\n\n\n<li>International sales are targeted to exceed <strong>15% of company revenue within five years<\/strong>. Celsius has already reached approximately <strong>6% market share in Paris<\/strong>, and Alani will begin entering international markets in 2027.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Points of Caution<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Celsius retail scans were still declining approximately <strong>5% to 10%<\/strong>. Management acknowledged that it cut the product lineup too deeply and failed to introduce enough permanent innovation to replace the discontinued products.<\/li>\n\n\n\n<li>The Celsius brand may not return to growth until around the end of 2026, while the adverse comparisons from SKU rationalization could persist into the <strong>first half of 2027<\/strong>.<\/li>\n\n\n\n<li>Much of the portfolio strategy remains unproven. The three brands were planned separately for 2026, so the benefits of coordinated selling, pricing, promotions, and innovation will not become meaningfully visible until <strong>2027 and 2028<\/strong>.<\/li>\n\n\n\n<li>Alani\u2019s retail takeaway growth remains substantially higher than its reported revenue growth because of distribution mix, discontinued products, accounting adjustments, and shipment timing. Management expects the gap to narrow beginning in early 2027, but some differences could persist.<\/li>\n\n\n\n<li>Rockstar is effectively a relaunch outside the Pacific Northwest. Its roughly <strong>6% share in that region<\/strong> provides a useful starting point, but Celsius still must prove that the brand can generate comparable velocity elsewhere without excessive investment.<\/li>\n\n\n\n<li>Gross margins remain exposed to aluminum, fuel, freight, and other commodity costs. Internal efficiencies should help, but persistent cost inflation could delay the return to the low-50% range.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CELH-Celsius-Holdings-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CELH-Celsius-Holdings-Inc.png\" alt=\"\" class=\"wp-image-83780\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CELH-Celsius-Holdings-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_CELH-Celsius-Holdings-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Celsius Holdings, Inc. (CELH) made a tepid effort to end a 3-week slide back to its lows of the year after news of share purchases by the CEO.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Constellation Brands, Inc. (STZ)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Constellation Brands produces and markets beer, wine and spirits, including U.S. brands such as Modelo Especial, Corona and Pacifico.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Constellation Brands, Inc. (STZ) traded down to 6 1\/2-year lows as part of a major reversal since an April post-earnings surge.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> <a href=\"https:\/\/ir.cbrands.com\/news-events\/ir-calendar\/detail\/20260908-2026-barclays-global-consumer-conference\">Constellation participated in the Barclays Global Consumer Conference Tuesday<\/a>. Like many other consumer-facing stocks, STZ sold off in the wake of its presentation. The 5.6% loss on Tuesday followed an intraday fade from downtrending 20DMA and 50DMA resistance. Since STZ has spent most of the year under its 50DMA, the stock is not a new contributor to market breadth&#8217;s latest warning. Despite this persistent bearishness, I am intrigued by the possibility that STZ is over-reacting to adverse drinking trends among Gen Z. I am not a buyer yet, but I am watching for signs of strength in the fundamental outlook.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_STZ-Constellation-Brands-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_STZ-Constellation-Brands-Inc.png\" alt=\"\" class=\"wp-image-83782\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_STZ-Constellation-Brands-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_STZ-Constellation-Brands-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Constellation Brands, Inc. (STZ) traded down to 6 1\/2-year lows as part of a major reversal since an April post-earnings surge.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>QUALCOMM Incorporated (QCOM)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Qualcomm designs wireless communications semiconductors and technologies used in smartphones, connected devices, automotive systems and data-center computing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> QUALCOMM Incorporated (QCOM) confirmed a breakout above its 50DMA and 200DMA resistance as part of a rapid recovery from July&#8217;s post-earnings setback.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> QCOM was part of a group of tech stocks, particularly plays on the AI buildout, that helped to prop up the S&amp;P 500 and the NASDAQ in the face of market breadth&#8217;s latest warning. On Tuesday <a href=\"https:\/\/www.qualcomm.com\/news\/releases\/2026\/09\/qualcomm-announces-multi-generational-product-collaboration-with\">the company announced<\/a> a long-term Amazon (AMZN) partnership that could involve as much as $60B of Qualcomm AI data-center chips and related products. QCOM broke out above its 50DMA resistance and gained 3.8% on the news after a small intraday fade. Buyers stepped in the next three days and managed to close out the stock at highs for the week. I am a buyer here as QCOM continues to build more post-earnings momentum. The runway looks clear for an eventual run at the all-time closing high of $250.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_QCOM-Qualcomm-Incorporated.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_QCOM-Qualcomm-Incorporated.png\" alt=\"\" class=\"wp-image-83783\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_QCOM-Qualcomm-Incorporated.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_QCOM-Qualcomm-Incorporated-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>QUALCOMM Incorporated (QCOM) confirmed a breakout above its 50DMA and 200DMA resistance as part of a rapid recovery from July&#8217;s post-earnings setback.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Advanced Micro Devices, Inc. (AMD)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Advanced Micro Devices designs CPUs, GPUs, adaptive computing products and other semiconductors for data centers, PCs, gaming and embedded applications.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Advanced Micro Devices, Inc. (AMD) confirmed a 50DMA breakout and now trades back to its last pre-earnings close.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> AMD did its part to lean against the latest warning from market breadth. As a tech stock participating in the AI buildout, its confirmed 50DMA breakout worked against the broad weakness in rate-sensitive stocks. AMD jumped 5.9% Tuesday as management discussed the long-run opportunity for accelerated computing and AI <a href=\"https:\/\/ir.amd.com\/news-events\/ir-calendar\/detail\/20260908-citis-2026-global-tmt-conference\">during the Citi Global TMT Conference<\/a>. AMD also appeared <a href=\"https:\/\/ir.amd.com\/news-events\/ir-calendar\/detail\/20260911-goldman-sachs-communacopia-technology-conference\">at the Goldman Sachs Communacopia + Technology Conference Friday<\/a> and the stock responded with fresh buying interest that preserved 50DMA support.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AMD-Advanced-Micro-Devices-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AMD-Advanced-Micro-Devices-Inc.png\" alt=\"\" class=\"wp-image-83785\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AMD-Advanced-Micro-Devices-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AMD-Advanced-Micro-Devices-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Advanced Micro Devices, Inc. (AMD) confirmed a 50DMA breakout and now trades back to its last pre-earnings close.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Intel Corporation (INTC)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Intel designs and manufactures semiconductors and provides computing products and foundry services for PCs, data centers, networking and other markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Intel Corporation (INTC) confirmed a 50DMA breakout and held $100 as support for the week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> I went into the week with the long end of an INTC $95\/$100 vertical calendar call spread. I took profits on Tuesday&#8217;s 9.1% gain and 50DMA breakout. Like AMD and QCOM, INTC was a semiconductor stock that leaned directly opposite the latest warning from market breadth. <a href=\"https:\/\/www.intc.com\/news-events\/press-releases\/detail\/1781\/intel-foundry-and-asml-collaborate-to-accelerate-industry\">Intel announced Tuesday<\/a> that Intel Foundry and ASML were collaborating to accelerate industry readiness for High NA EUV lithography. While buying interest waned on Thursday, INTC held 50DMA support. I am looking to buy back into INTC on a return to the $100 level.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_INTC-Intel-Corporation.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_INTC-Intel-Corporation.png\" alt=\"\" class=\"wp-image-83787\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_INTC-Intel-Corporation.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_INTC-Intel-Corporation-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Intel Corporation (INTC) confirmed a 50DMA breakout and held $100 as support for the week.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Micron Technology, Inc. (MU)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Micron Technology manufactures memory and storage semiconductors including DRAM, NAND and high-bandwidth memory used in computing and data-center systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Micron Technology, Inc. (MU) held 20DMA support after confirming its 50DMA breakout.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> You guessed it, MU was a semiconductor stock that last week countered the narrative of a fresh warning from market breadth. MU entered last week with a convincing 50DMA breakout the previous Friday. Waning buying interest the rest of the week did not violate 20DMA support. MU experienced minor weakness on news Friday that <a href=\"https:\/\/www.cnbc.com\/2026\/09\/11\/micron-taiwan-workers-rewards-pay.html\">the company would provide substantial bonuses and raises for Taiwanese employees<\/a>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I bought MU twice in August during its brief 50DMA breakout and held shares thanks to the stock holding 20DMA support. I am targeting $1100 to take profits.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MU-Micron-Technology-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MU-Micron-Technology-Inc.png\" alt=\"\" class=\"wp-image-83789\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MU-Micron-Technology-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_MU-Micron-Technology-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Micron Technology, Inc. (MU) held 20DMA support after confirming its 50DMA breakout.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Applied Optoelectronics, Inc. (AAOI)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Applied Optoelectronics develops optical networking products including transceivers and components used in data centers, broadband networks and cable infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Applied Optoelectronics, Inc. (AAOI) retested 200DMA support as downtrending resistance from its 20DMA and 50DMA loomed larger.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> I decided not to buy AAOI <a href=\"https:\/\/drduru.com\/onetwentytwo\/2026\/08\/10\/from-ai-crash-to-all-time-highs-what-powered-rebound-the-market-breadth\/\">during August&#8217;s 50DMA breakout<\/a>. I waited for a clean and successful test of 50DMA support that never happened. Instead, AAOI eventually fell to 200DMA support. I bought the stock&#8217;s second test of 200DMA support last week despite the looming resistance from the downtrending 20DMA and 50DMA. AAOI can make large daily moves, so I am bracing myself to hold unless July&#8217;s low gives way as support. I am targeting short-term profits at $138.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AAOI-Applied-Optoelectronics-Inc.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AAOI-Applied-Optoelectronics-Inc.png\" alt=\"\" class=\"wp-image-83791\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AAOI-Applied-Optoelectronics-Inc.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_AAOI-Applied-Optoelectronics-Inc-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Applied Optoelectronics, Inc. (AAOI) retested 200DMA support as downtrending resistance from its 20DMA and 50DMA loomed larger.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Elastic N.V. (ESTC)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Elastic provides search, observability and cybersecurity software built around the Elasticsearch platform and its Elastic Cloud services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Elastic N.V. (ESTC) sliced through 20DMA support and finished reversing its August 19.3% post-earnings gain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> ESTC is suddenly trading back to where <a href=\"https:\/\/drduru.com\/onetwentytwo\/2026\/08\/30\/market-breadth-broke-sharply-from-sp-500-what-nvidia-fed-retail-small-caps-revealed\/\">I took profits at the end of August<\/a>. I am quite surprised the stock has already reversed its post-earnings gains. While I am tempted to jump back into a position, I am instead waiting patiently for a test of 50DMA support. I might consider buying strength on a 20DMA breakout.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ESTC-Elastic-NV.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ESTC-Elastic-NV.png\" alt=\"\" class=\"wp-image-83793\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ESTC-Elastic-NV.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ESTC-Elastic-NV-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Elastic N.V. (ESTC) sliced through 20DMA support and finished reversing its August 19.3% post-earnings gain.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>eGain Corporation (EGAN)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> eGain provides AI-powered knowledge-management and customer-service software used by enterprises to support agents, automation and digital customer interactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> eGain Corporation (EGAN) collapsed 17.9% post-earnings but started a potential bottoming pattern last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> I wrote <a href=\"https:\/\/seekingalpha.com\/article\/4943781?gt=988b3bd50e9a59c9\">an analysis of eGain&#8217;s earnings on Seeking Alpha<\/a> where I reiterated a strong buy on the shares. The technicals certainly look ugly, but the company&#8217;s outlook to 2030, strong cash position, and likely continuation of share repurchases outweigh the negatives.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_EGAN-eGain-Corporation.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_EGAN-eGain-Corporation.png\" alt=\"\" class=\"wp-image-83795\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_EGAN-eGain-Corporation.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_EGAN-eGain-Corporation-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>eGain Corporation (EGAN) collapsed 17.9% post-earnings but started a potential bottoming pattern last week.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Abbott Laboratories (ABT)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Abbott Laboratories develops and sells medical devices, diagnostics, nutritional products and established pharmaceutical products worldwide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Abbott Laboratories (ABT) confirmed a 200DMA and 50DMA breakdown and has brought its post-earnings momentum to a screeching halt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> <a href=\"https:\/\/drduru.com\/onetwentytwo\/2026\/08\/23\/gold-shined-as-rotation-out-of-tech-and-retail-cooled-market-breadth\/\">I bought into ABT&#8217;s 200DMA breakout last month<\/a>. I added more shares last week at the 50DMA. My impatience failed to pay off as the selling continued into a confirmed breakdown of 200DMA and 50DMA supports. Now, August&#8217;s peak looks like an ominous topping out that could form the top of a trading range. Since the stock had a strong earnings report in July, I am giving the stock some latitude as part of a long-term investment.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABT-Abbott-Laboratories.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABT-Abbott-Laboratories.png\" alt=\"\" class=\"wp-image-83796\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABT-Abbott-Laboratories.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_ABT-Abbott-Laboratories-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Abbott Laboratories (ABT) confirmed a 200DMA and 50DMA breakdown and has brought its post-earnings momentum to a screeching halt.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Thomson Reuters Corporation (TRI)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Description:<\/strong> Thomson Reuters provides information, software and workflow solutions primarily to legal, tax, accounting, risk and media professionals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technical Status:<\/strong> Thomson Reuters Corporation (TRI) confirmed a 50DMA breakdown and now looks settled into a wide trading range.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trade Commentary:<\/strong> I did not give TRI more latitude. I took my remaining profits last week as the stock slid under 50DMA support. The stock looks even more topped out than ABT with two failed challenges of the peak in March. <a href=\"https:\/\/drduru.com\/onetwentytwo\/2026\/08\/10\/from-ai-crash-to-all-time-highs-what-powered-rebound-the-market-breadth\/\">My resilience in August<\/a> paid off for a short time after the stock broke out above its 200DMA. Now, I am not likely to buy back TRI until\/unless it retests lows of the year without poor fundamental news. As a reminder, TRI is caught up in the AI-related panic over information\/news providers.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TRI-Thomson-Reuters-Corporation.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"942\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TRI-Thomson-Reuters-Corporation.png\" alt=\"\" class=\"wp-image-83798\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TRI-Thomson-Reuters-Corporation.png 1046w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2026\/09\/20260911_TRI-Thomson-Reuters-Corporation-767x691.png 767w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong><em>Thomson Reuters Corporation (TRI) confirmed a 50DMA breakdown and now looks settled into a wide trading range.<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 id=\"footnotes\" class=\"wp-block-heading\"><strong>Footnotes<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><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 class=\"wp-block-paragraph\">&#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 class=\"wp-block-paragraph\"><strong>Active AT50 (MMFI) periods<\/strong>: Day #286 over 20%, Day #113 over 30% (overperiod), Day #1 under 40% (underperiod), Day #3 under 50%, Day #19 under 60%, Day #259 under 70%<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\"><strong>Full disclosure:<\/strong> long USO put spread and put, long SPY, long TJX, long CELH, long MU, long AAOI, long EGAN, long ABT<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><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 class=\"wp-block-paragraph\">*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 class=\"wp-block-paragraph\">* Blog notes: I use ChatGPT to help with editing and news discovery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Market Breadth Summary: Latest Warning The Stock Market Summary Rising oil prices dominated the trading backdrop last week. Soaring oil prices helped emphasize inflation fears and bolstered higher bond yields (rates). While the S&amp;P 500 and the NASDAQ survived tests of critical support thanks in large part to strong rebounds in AI-related stocks, small &#8230; <a title=\"Market Breadth&#8217;s Latest Warning As Oil, Inflation and Rates Rise\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2026\/09\/14\/market-breadths-latest-warning-as-oil-inflation-and-rates-rise\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":83840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[393,3252,584,1303,483,482,199,3148,921,59,1129,300,219,90,512,338,796,1311,511,62,982,1633],"tags":[3992,4071,2690,1944,3110,2691,1168,3994,2832,3377,3379,4030,4028,2782,2781,2201,4092,2733,2732,3902,3812,2534,2257,2058,2957,222,3596,2218,909,2563,1669,413,316,315,1565,65,1684,2367,362,4091,4073,3112,3111,4070,1375,538,282],"class_list":["post-83750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyst-coverage","category-artificial-intelligence","category-bollinger-band","category-bottom","category-breakdown","category-breakout","category-commodities","category-communications","category-downtrend","category-economy","category-food-retail","category-health-care","category-high-tech","category-inflation","category-resistance","category-retail","category-semiconductors","category-software","category-support","category-technical-analysis","category-trading-range","category-travel","tag-aaoi","tag-abbott-laboratories","tag-abnb","tag-abt","tag-advanced-micro-devices-inc","tag-airbnb-inc","tag-amd","tag-applied-optoelectronics-inc","tag-at50","tag-burl","tag-burlington-stores-inc","tag-caseys-general-stores","tag-casy","tag-celh","tag-celsius-holdings","tag-compq","tag-constellation-brands-inc","tag-dash","tag-doordash","tag-egain-corporation","tag-egan","tag-elastic-nv","tag-estc","tag-etsy","tag-etsy-inc","tag-intc","tag-invesco-sp-500-equal-weight-etf","tag-ishares-russell-2000-etf","tag-iwm","tag-micron-technology","tag-mu","tag-nasdaq","tag-qcom","tag-qualcomm-inc","tag-rsp","tag-sp-500","tag-shop","tag-shopify","tag-spy","tag-stz","tag-thomson-reuters-corp","tag-tjx","tag-tjx-companies-inc","tag-tri","tag-united-states-oil-fund","tag-uso","tag-xrt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Breadth&#039;s Latest Warning As Oil, Inflation and Rates Rise - ONE-TWENTY TWO: Trading Financial Markets %<\/title>\n<meta name=\"description\" content=\"Market breadth\u2019s latest warning emerged as oil, inflation fears and rates rose, pressuring small caps and retailers ahead of the Fed decision.\" \/>\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\/2026\/09\/14\/market-breadths-latest-warning-as-oil-inflation-and-rates-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Breadth&#039;s Latest Warning As Oil, Inflation and Rates Rise\" \/>\n<meta property=\"og:description\" content=\"Market breadth\u2019s latest 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