For yet another day, the stock market is consumed with concern surrounding US-China trade talks.
Fear of a fallout between the two countries due to recent tariff threats have investors on edge. And for the second day in a row, the S&P 500 (SPY) fell on Tuesday. What’s the outlook for the rest of the week?
In today’s video, we dig deeper into the price action and technical indicators across the major stock market indices and sectors. Here are a few highlights:
Investor sentiment becomes fearful as stocks sell off.
There is a possible false breakout in small cap stocks (Russell 2000).
It’s right for investors to favor quality as VIX and market volatility increase.
Stock Market Today Video – May 8, 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.
