Stocks are continuing to rally on Thursday morning as investors hope that the us economy can thwart a recession.
Recent data and news has been mixed so the price volatility in the stock market comes as no surprise.
In today’s video, we discuss the technical backdrop for the S&P 500 NYSEARCA: SPY and other major indices, internal indicators, and other asset classes. Here’s a recap:
Choppy trading continues in a broad price range.
Market breadth metrics improve but not yet tipping a breakout.
Bond proxies are stretched in the near-term.
Stock Market Today Video – August 22, 2019
Twitter: @DanRusso_CMT
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