The US equity futures market is pointing slightly higher Thursday morning following yesterday’s selloff.
Fears of a deeper correction are emerging, but the S&P 500 is still above its 200 day moving average and key indicators are nearing oversold. Semiconductors (NYSEARCA: SMH) put in a strong session Wednesday, relatively speaking.
In today’s video we discuss all this and more, highlighting key price levels to watch, our thoughts on several sectors and stocks, and what to expect in the days ahead. Here’s a recap:
S&P 500 Tests and Holds the 200-Day Moving Average
Short-Term Breadth Metrics Near Oversold Levels
Semiconductors Outperform on the Day
Stock Market Today Video – May 30, 2019
Twitter: @DanRusso_CMT
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