On Thursday, November 20, market breadth took another decisive step lower. Selling pressure intensified across the board with weak internals confirming the technical breakdowns seen in major indices like QQQ, SPY, and IWM. Key short-term support levels failed, and breadth readings now reflect a widespread retreat with little sign of internal resilience.
Despite modest gains in the major indices on Wednesday, November 19, market internals weakened notably. Breadth metrics turned sharply lower again, with small caps underperforming and participation slipping across the board. Beneath the surface, selling pressure remains dominant.
All eyes are on Nvidia Corp. (NASDAQ:NVDA) as the world's most valuable company prepares to report third-quarter earnings after the close, a pivotal moment that could steer
Despite breadth metrics showing a modest rebound on Tuesday (Nov 18), the broader technical picture remains fragile. The ChartMill short-term trend indicator flipped negative for both SPY and QQQ, confirming that the recent bounce lacked follow-through. The overall trend remains negative with a cautious tone.
Wall Street endured another wave of selling in tech stocks on Tuesday, with the Nasdaq 100 down more than 1% by midday in New York, extending its month-to-date slide to more than 5%.
After Friday’s deterioration, Monday delivered another weak breadth session. Short-term metrics slipped further, medium-term indicators continued their downward drift, and long-term measures softened at the margin. While not a capitulation, the data show persistent internal weakness, with declining issues maintaining a firm grip on the market.
Wall Street kicked off the new week on a flat note after the worst weekly slump for tech stocks since April, as investors remained cautious ahead of a flood of economic data following the end of the government shutdown and NVIDIA Corp. (NASD
Following Thursday’s modest recovery in market breadth metrics, Friday’s session saw another weakening across most indicators. Although not as extreme as the midweek slump, the data reveals waning momentum and a fragile recovery.
Investors stepped back into beaten-down tech names Friday, with the Nasdaq 100 rising 0.6% by midday in New York, staging a modest rebound after Thursday's sharp selloff.
Market breadth deteriorated significantly on Thursday, November 13. Advancing issues collapsed while decliners surged, undoing most of the prior day’s gains. This sharp reversal raises concerns about the sustainability of recent strength and places the current breadth trend firmly back in negative territory.
Risk sentiment deteriorated sharply on Thursday despite federal agencies reopening after the longest government shutdown in U.S. history, as investors aggressively repriced Fed rate-cut expectations following a wave of hawkish remarks from central bank officials.
