NYSEARCA:IWM - NYSE Arca - US4642876555 - ETF - Currency: USD
SPY, QQQ both showing a distribution day after yesterday's session (down on above-average volume near the high).
Breadth readings remain firm for now, this appears to be a healthy pause, not a reversal.
Earnings from high-profile chip maker Broadcom elicited negative stock reaction, portending a potential hit to the sector in Friday’s session.
All three major U.S.
Investment firm B. Riley said the CoreWeave lease contracts strengthen Applied Digital’s appeal as a leading provider of high-performance compute infrastructure.
Wall Street's two-day rally lost momentum Wednesday as investors reassessed the economic outlook after weak job numbers and a surprise contraction in the U.S. services sector cast fresh doubt over the strength of the economy.
Both the QQQ and the SPY broke out above their main resistance levels today.
The indices continue to quote close to their next resistance. While headline indices may show only minor daily fluctuations, the underlying breadth data paints a more fragile picture.
The data from May 29, 2025, confirms that market breadth has rebounded significantly, with strong participation and improving technical metrics across shorter moving averages.
The breadth indicators signal a fragile and reactive market environment, prone to sharp swings and lacking sustained leadership. Bullish momentum may struggle to gain lasting traction.
The recent market turmoil has provided investors with an opportunity to seek out deals in the market. Even though the S&P 500 has recovered most of its losses in 2025, this has been a challenging year for some stocks as they grapple with regulatory challenges and economic uncertainty. Let's explore the pros and cons for Super Micro Computer (NASDAQ: SMCI) and Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG).
- DIA gained inflows Tuesday as an EU tariff delay boosted markets. - SPY saw massive outflows despite the broad market rally.
The May 27 surge in breadth confirms the bullish price action observed across major indices on that day, reinforcing the move’s credibility.
The latest data show a market that is weakening internally, with fewer stocks supporting any upside and an increasing tilt toward broad-based selling.
The market is in a cautious phase with waning momentum.
The broad-based selling on May 21 wasn't a surprise, it was preceded by several days of narrowing breadth.
While the major indices are holding up, breadth is beginning to diverge and fewer stocks are driving the rally, market participation is waning.
Markets continued to show resilience at the start of the week, with all major indices maintaining their short-term bullish trends.
The short-term trend remains bullish across all major indices, supported by strong market breadth and price action.