The major stock market indices are pointing higher again on Tuesday as Industrials (NYSEARCA: DIA) and Defensive stocks lead the market higher.
The rally hasn’t seen a sizable pullback since it began in late December, so enjoy the ride but be on alert. The S&P 500 (NYSEARCA: SPY) is making a run at the next upside resistance.
In today’s video we look at our Chaikin indicators to highlight opportunities in select stocks and sectors. Here are some top level highlights:
– Industrials Relative Strength Intensifies
– Defensive Sectors Outperforming
– Energy and Materials Continue to Lag
Stock Market Today Video – February 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.
