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Stock Market Today: Jobs Report Brings Retest of Highs

Dan Russo
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Stocks are looking up as they digest the Friday Jobs Report.

The S&P 500 has held 2900 price support and looks poised to retest Wednesday’s highs.

In today’s video we discuss sectors, stocks, and commodities that are leading / lagging and what’s next for the stock market. Here are the highlights:

Semiconductor stocks are trying to reverse higher on a relative strength basis.

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Will the FAANG stocks breakout?

Copper to Gold ratio is heading lower.

Stock Market Today Video – May 3, 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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Dan Russo
https://www.chaikinanalytics.com
Dan Russo is the Chief Market Strategist at Chaikin Analytics where writes the Daily Market Insights newsletter and provides thematic trading and investment ideas for clients. Prior to joining Chaikin Analytics, Dan was an institutional sales professional at Needham and Company where he combined the research being done by the firm’s fundamental analysts with his own technical analysis to generate actionable trading ideas for the firm's hedge fund clients. Before joining Needham, Dan worked in an institutional sales role at Susquehanna International Group from 2007 – 2011. Dan started his trading career as a specialist and member at the New York Stock Exchange responsible for maintaining markets in the domestic equities, US-listed foreign equities and closed-end funds. Dan is a Chartered Market Technician (CMT) and a member of the CMT Association. He holds an MBA in finance with an international designation from Fordham University.