Stocks reached up to new multi-week highs yesterday with the S&P 500 (NYSEARCA: SPY) tagging a key retracement level.
The stock market is overbought near-term so active investors should be on the lookout for a pullback… and when we get one, assessing the character of it.
Here are some highlights from today’s video:
– S&P 500 Hits Key Retracement Level
– Small Caps Continue to Improve
– Short-Term Breadth Metric is Overbought
Stock Market Today Video – January 17, 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.
