Earnings continue to roll in and stocks continue to fend off any bit of negative news. The S&P 500 (SPY) is looking for its 7th day of gains in the last 9.
Wall of worry? Or just relieving oversold conditions from the December 26 low?
We discuss this and more in today’s video. Here are the highlights:
– Stocks Enter the Closely Watched Resistance Zone
– Small Cap Relative Performance Has Been Improving in the New Year
– Retail’s Relative Strength is Waning
Stock Market Today Video – January 16, 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.
