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

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