Stock Market Today: Early June Rally Fizzles

The stock market indexes took a breather yesterday for the second day in a row.

The S&P 500 (NYSEARCA: SPY) put in a couple of short-term topping “tails” (candlesticks). This warns that upside is limited. Biotechnology stocks and the Biotech Sector (NASDAQ: IBB) look particularly weak as well.

In today’s stock market video, we discuss this and more. Here’s a recap:

– Second Weak Close in a Row for the S&P 500

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– Biotech is Poised to Underperform Further

– Bearish Sentiment Remains Elevated

Stock Market Today Video – June 12, 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.