The recent stock market decline has seen the Nasdaq and Nasdaq 100 ETF (QQQ) selloff sharply, as growth stocks stumble. But the selloff may have stretched a bit too far, too fast… So it makes sense that the early week rally we’ve seen is lead by this group.
In today’s video, we take a look at the latest investing news and themes, key technical price levels to monitor in the days ahead, and trending sectors and stocks. Here’s a recap:
The S&P 500 ETF (SPY) is trading above the $325 mark, making it a key level of support now.
The Nasdaq 100 ETF (QQQ) rallies past $270 as growth stocks lead.
Excessive options positioning is moderating this week.
The software sector and stocks are oversold and holding support.
Stock Market Today Video – September 23, 2020
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