Stock Market Today: S&P 500 Holds 200 Day Moving Average… For Now

The US equity futures market is pointing slightly higher Thursday morning following yesterday’s selloff.

Fears of a deeper correction are emerging, but the S&P 500 is still above its 200 day moving average and key indicators are nearing oversold. Semiconductors (NYSEARCA: SMH) put in a strong session Wednesday, relatively speaking.

In today’s video we discuss all this and more, highlighting key price levels to watch, our thoughts on several sectors and stocks, and what to expect in the days ahead. Here’s a recap:

S&P 500 Tests and Holds the 200-Day Moving Average

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Short-Term Breadth Metrics Near Oversold Levels

Semiconductors Outperform on the Day

Stock Market Today Video – May 30, 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.