Stocks are bouncing sharply this week, lead by the Nasdaq 100 ETF (QQQ) and Russell 2000 ETF (IWM). The broad S&P 500 ETF (SPY) still needs to break above and hold $340.
In today’s video, we discuss current investing news and themes, look at sector performance and rotation, and trending stocks and ETFs. Here’s a recap:
The Technology Sector’s (XLK) relative up-trend is intact but still extended here.
The Materials Sector (XLB) is breaking its 3-year down-trend line.
Consumer discretionary stocks are strong even though Amazon is lagging.
Stock market futures point to a higher open today.
Stock Market Today Video – September 15, 2020
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
