Stock Market Today: Bear Rally, Reversal, or Both?

Dan Russo

Stocks are pointing higher today as the S&P 500 Index INDEXSP: .INX is looking for follow through after yesterday’s reversal.

The decline was very steep so any bottom will need time to form. As well, remember that the sharpest rallies are bear rallies (during declines).

In today’s video, we discuss stock market breadth, sentiment, and technical price action across the major indices. Here’s a recap:

The S&P 500 NYSEARCA: SPY is holding Monday’s lows.

Short-term market breadth is nearing oversold levels.

Low volatility is leading in a high volatility market. INDEXCBOE: VIX

Stock Market Today Video – August 8, 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.

NOT INVESTMENT ADVICE – PLEASE READ INVESTMENT DISCLAIMER.