The stock market shrugged off bad news last week (jobs, trade concerns, etc) and rocketed higher.
The Goldilocks market of low rates and steady growth is what investors are hoping for. But as much as the macro themes matter, we have to monitor the price action and let it tell us what’s happening.
In today’s video, we look at the technical structure of the major stock market indices, core ETFs, and Gold and Crude Oil markets. Here’s a recap:
Bad News is Good News; Rate Cut Hopes Drive the Market Higher
Oil Reaches an Important Retracement Level
Gold is Overbought in an Uptrend
Stock Market Today Video – June 10, 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.
