Stock Market Today: Healthy Consolidation or Rolling Over?

The SP 500 and broader stock market indices is set to open lower on Monday as investors process the latest financial news, earnings and price movements in the market.

Considering the action last week, it’s fair to say the stock market is trying to consolidate gains from the 4-week rally.

Bulls are looking for an orderly sideways consolidation, while bears are looking for a rollover. In today’s video we discuss what price levels we are watching and what our indicators are saying. We also share analysis on key sectors and stocks. Here are some highlights:

–  Futures Point to a Lower Open

–  Gold Breaks Higher

–  Strength Outside the US is Becoming a Theme

Stock Market Today Video – January 26, 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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