The S&P 500 NYSEARCA: SPY pushed higher on Thursday, setting up a potential breakout into the weekend.
Investors have bided their time in a trading range for weeks. Should we get that breakout, we’ll need to await confirmation buying to know it’s real.
In today’s video, we highlight several areas of the stock market that are working, and news / themes for investors to watch. Here’s a recap:
– Semiconductors NYSEARCA: SMH are holding the relative breakout level.
– The growth to value shift continues with a momentum confirmation…
– This lends support to the Industrials Sector NYSEARCA: XLI
Stock Market Today Video – October 25, 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.
