Will today bring another wild ride in the stock market? Yesterday, we saw monster morning rally get faded, eliminating gains for the day and closing near the lows.
In today’s video, we will review key price / technical indicators (as well as investor sentiment) and highlight what’s happening across several sectors, assets, and stocks. Here’s a recap:
– All Major Market ETFs are Overbought in Downtrends
– Sentiment is Less Fearful as Prices Move Higher
– E&P Stocks are Very Bearish and Overbought
– Futures Point to a Flat Open Today
Stock Market Today Video – April 8, 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.
