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
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