S&P 500 Index Oversold and Ready To Bounce Off Price Support

Dan Russo

After another deep decline on Tuesday, the S&P 500 Index and broader stock market look poised to bounce.

The decline in stock prices has the major stock market indices in near-term oversold territory with most testing price support areas.

In today’s video, we discuss several stock market indicators, investing themes and news, and stocks we like. Here’s a recap:

– Stocks are oversold and trading near support.

– Investor sentiment remains fearful, supporting a near-term rally.

– Low Vol leads in a rising VIX market.

Stock Market Today Video – October 9, 2019

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.