Stocks are stalling out after 3 weeks of gains. The question now is whether this is a healthy multi-day pullback, or the beginning of something more ominous. Fortunately, we haven’t seen any signs of the latter just yet.
In today’s video, we will discuss key investing themes taking shape in the market, the latest news, key technical indicators, and stocks and sectors that are trending. Here’s a recap:
Headlines continue to drive the near-term: Stimulus and COVID are the main focus.
Breadth metrics are painting a bullish picture for the trend…
…But we are not chasing here with several stocks, etfs, and indices overbought.
Stock Market Today Video – October 15, 2020
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.
