Stocks charged back on Tuesday, with the S&P 500 NYSEARCA: SPY rallying +1.0%.
Strong earnings and optimism about a U.S.-China trade deal have investors feeling bullish.
In today’s video, we discuss recent short-term breakouts on certain stock market indexes, sectors and stocks that are heating up, and key news and market themes for this week. Here’s a recap:
– The S&P 500 pushes to the top of its recent trading range.
– Investor sentiment is mixed this week but still more fearful than greedy.
– The Health Care Sector NYSEARCA: XLV leads on the day but pharma remains a bearish group.
Stock Market Today Video – October 16, 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.
