Stock Market Today: Financials Showing Relative Strength

Stock market futures are pointing to a positive, if uneven, start to the day with the Nasdaq (QQQ) leading the way and S&P 500 (SPY) and Russell 2000 (IWM) near breakeven.

Much will change as the market opens and the day wears on.

Today’s video discusses some developing themes in the markets and drills down into the sectors and stock analysis. Here are a few high level highlights:

–  The Financials Sector (XLF) Showing Relative Strength

–  Breadth Metrics Improving

–  BUT the Market is Overbought in the Near-Term

Stock Market Today Video – January 24, 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.

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