Stock Market Today: Can Russell 2000 Breakout Above Resistance?

Dan Russo

Stocks continue to float higher with several key stock market indexes testing price resistance areas.

Notably, the Russell 2000 (IWM) and small cap stocks. The index is back to levels that have kept it subdued in the past. The S&P 500 (SPY) is testing its all-time highs.

In today’s video, we discuss the technical setup for the major stock market indexes, important news and trends, as well as stocks and sectors we like into next week. Here’s a recap:

– Investors are showing signs of increasing their risk appetite.

– Small cap stocks are nearing a key resistance level as relative strength improves.

– Semiconductors are on the verge of a relative breakout.

Stock Market Today Video – September 13, 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.