The month of May has gotten off to a poor start for investors.
Many are pointing the finger at tensions in the ongoing US – China trade deal talks. That may not be the “reasons” but it may be the catalyst. The stock market was showing some cracks in momentum and breadth for a couple weeks leading up to the selloff.
In today’s video, we look at sector performance and relative strength, highlighting areas of the market that are leading and lagging. Here is a recap:
S&P 500 breaks technical price support at 2,850
Bond proxies are shining.
Tech and Discretionary stocks / ETFs are at key inflection points.
Stock Market Today Video – May 14, 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.
