Stocks reversed course Thursday, with the S&P 500 (SPY) closing solidly in the green.
Bullish traders will look for follow through confirmation today.
In today’s video, we discuss key price levels across the major stock market indices and ETFs, key themes in the market, and our analysis and outlook for various asset classes and stocks. Here’s a recap:
– Key price reversal for the S&P 500 – will look to hold 2,900.
– Themes continue to point to defensive positioning.
– Semiconductor stocks are showing relative strength despite weakness in MU.
Stock Market Today Video – October 4, 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.
