The stock market continues to be controlled by the bulls.
The S&P 500 (NYSEARCA: SPY) is making new all-time highs and above the 3000 level. Market breadth looks to be strengthening as well.
That said, there are still a few nagging concerns. In today’s video, we discuss the current technical structure of the stock market indices, the macro backdrop, and sectors that are or are not participating in the rally. Here’s a recap:
S&P 500 Trades to a New High
Breadth Metrics Confirm the Price Strength
Retail Sector (NYSEARCA: XRT) Refuses to Join the Rally
Stock Market Today Video – July 11, 2019
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.