Gold prices suffered a sharp correction on Tuesday as investors locked in profits following this year's explosive rally, while optimism across earnings kept industrial stocks powering higher and pushed the Dow Jones to fresh record highs.
After Friday’s stabilization, Monday delivered a powerful upside breadth thrust (81% advancers) with clear improvement across all moving-average cohorts and a jump in new highs. The weekly window remains firmly supportive while the monthly window is close to flipping. Overall breadth trend: positive.
Jamie Dimon warns of hidden credit risks as stress builds in regional banks and private equity. Analysts turn to long-duration Treasuries and small-cap hedges as potential portfolio protection.
Friday’s session (Oct 17) delivered a mixed, slightly negative breadth day, but the 1-week picture remains constructive thanks to earlier gains. Participation above the 20-day remains soft, new highs dwindled, and monthly breadth is still net-negative—suggesting a market pausing rather than breaking.
Wall Street shrugged off credit concerns that battered bank stocks on Wednesday, with large-cap indices posting slight gains by midday trading in New York, setting up for a positive weekly close.
After two constructive sessions, breadth rolled over hard on Thursday, with decliners re-taking a clear majority and short-term momentum slipping back below key thresholds. Intermediate-term gauges remain intact, but they’re deteriorating.
In an otherwise cautious session on Wall Street, gold and silver stole the spotlight once again, with both precious metals pushing to fresh record highs — gold touching $4,270 per ounce and silver climbing to $53.90.
Jim Lebenthal picked BlackRock as his final trade on CNBC's Halftime Report. SoFi's Liz Young Thomas chose iShares Russell 2000 ETF while Stephanie Link named Victoria's Secret & Co.
The newfound optimism toward Microvast could be traced back to the ongoing wrangling between the U.S. and China over the latter’s curbs on the export of rare earths, which are used for making battery materials.
Bank of New York Mellon, Charles Schwab, KeyCorp., Commercial Metals, M&T Bank, Marsh McLennan, Travelers, U.S. Bancorp, CSX, and Interactive Brokers are due to release their quarterly results.
Daily and medium-term breadth improved again - more stocks above key MAs and NH>NL - while the weekly view still reflects last week’s damage but is narrowing.
Wall Street rose on Wednesday, with investor optimism lifted by strong bank and corporate earnings alongside growing expectations for further Federal Reserve rate cuts — keeping trade concerns sidelined for now.
After Friday’s washout and Monday’s surge, Tuesday extended the rebound with another advancers-led session. Short- and intermediate-term breadth gauges improved broadly, though weekly/monthly composites and the % above the 20-day remain sub-50, suggesting the rally is promising but not “all clear.”
After last week’s washout, Monday delivered a broad-based rebound (advancers ~79%). Short-term participation improved, but weekly gauges and the 20-day trend remain soft. This looks like a strong counter-move inside a still-fragile short-term tape.
