Stock Market Today: Rally On or Just a Bounce?

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

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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