Stock Market Today: Small Caps Still Bearish Despite Rally

Dan Russo

The current stock market rally is overbought and nearing broader overhead resistance.

The next few days will likely decide if stocks go higher yet or pull back now.

Here is a summary of today’s video:

–  Four-day rally takes the S&P 500 (NYSEARCA: SPY) toward price resistance near 2,600.

–  The Russell 2000 (NYSEARCA: IWM) and small Cap stocks are still bearish despite a strong rally.

–  Breadth metrics have improved but are overbought in the short-term.

Stock Market Today Video – January 10, 2019

 

Twitter:  @DanRusso_CMT

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