Recent Commentary and Analysis

Market and ETF Report – SPY and QQQ Become Oversold After Failures, Energy Continues to Lead, Agriculture Perks Up (Premium)

Stocks were hit hard again over the last two days and are now short-term oversold. While short-term oversold conditions could give way to an oversold bounce, we saw some important failures near falling 200-day SMAs over the last two weeks. These failures are long-term negative so I would not read too much into an oversold bounce

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