First came the bearish divergence and next came the confirming sell-offs. Break downs in key stocks exposed underlying market weaknesses. "Stock Market Weaknesses Confirm Earlier Bearish Divergence" drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $VXX $AAPL $ACIA $FB $GOOG $TWTR $NLSN $BHP $RIO $CLF $CAT $CMG $DPZ $GE $INTC $MSFT $NFLX $ORLY $QCOM $TLT $UPS $WBA $WHR $XLB
After a gap down to start the week, the S&P 500 (SPY) pivoted around its 50DMA. The week ended further confirming a bearish market turn. Sellers Reward A Weak Stock Market Bounce With A Bearish Fade drduru.com $SPY $QQQ #T2108 #AT40 #VIX $UVXY $AAPL $AMZN $AXON $GS $CCS $PHM $TOL $KBH $MDB $PZZA $SNAP $TLT $ULTA $USO
A poor reaction to a hawkish Fed ended the overbought period at 2 days. The S&P 500 is now poised for a pullback. A Fed Buzzkill Ends Ambitions for An Overbought Market drduru.com $SPY $QQQ #VIX #T2108 #AT40 $ITB $LEN $AAPL $TLT $DXY #forex