The stock market has been backing and filling over the past several days.
Is this a bullish consolidation for the next move higher (perhaps to new highs)? Or is this a heavy market stuck in a broader trading range?
In today’s video, we discuss the current state of the stock market indices and key sectors and stocks, along with changing themes across asset classes. Here’s a recap:
– The S&P 500 ETF (SPY) is oversold and trading near support.
– The Russell 2000 small cap ETF (IWM) is testing its moving averages.
– There’s a possible momentum shift underway in Crude Oil.
Stock Market Today Video – September 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.
