Stock Market Today: Rally On or Just a Bounce?

Dan Russo

Stocks are continuing to rally on Thursday morning as investors hope that the us economy can thwart a recession.

Recent data and news has been mixed so the price volatility in the stock market comes as no surprise.

In today’s video, we discuss the technical backdrop for the S&P 500 NYSEARCA: SPY and other major indices, internal indicators, and other asset classes. Here’s a recap:

Choppy trading continues in a broad price range.

Market breadth metrics improve but not yet tipping a breakout.

Bond proxies are stretched in the near-term.

Stock Market Today Video – August 22, 2019

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