The major U.S. stock market indexes are attempting to move higher out of a broad base.
The S&P 500 Index INDEXSP: .INX has formed a higher low and near-term breadth is getting better. The major indexes will likely test overhead resistance in the coming days.
In today’s video, we discuss the current state of the major stock market indexes and sectors, along with several stocks we like. Here’s a recap:
The S&P 500 marks a higher low above support.
Short-term market breadth is improving.
Home construction stocks could continue to outperform.
Stock Market Today Video – August 29, 2019
Twitter: @DanRusso_CMT
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