Stock Market Today: S&P 500 Holding Last Week’s Lows

Dan Russo

Stocks are pointing higher on Friday with the S&P 500 Index INDEXSP: .INX up around 20 points in early action.

Day to day volatility is making it tough for investors to see the bigger picture. But that’s why we follow the price action across our given timeframes.

In today’s video, we discuss current stock market indicators, key price support and resistance levels, and sectors that are showing relative strength. Here’s a recap

The S&P 500 is holding last week’s lows.

The Semiconductors Sector ETF NYSEARCA: SMH is holding relative support.

Investors are favoring growth in a slowing growth environment.

Stock Market Today Video – August 16, 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.

NOT INVESTMENT ADVICE – PLEASE READ INVESTMENT DISCLAIMER.