Stocks are roaring back on Wednesday morning after falling on Tuesday.
The roller coaster continues.
On the whole, the bulls are still in recovery / rally mode, so it will be interesting to see if they can get past overhead resistance. In today’s video, we discuss key technical indicators and price areas we are watching on the major stock market indices, along with sectors and stocks we are following. Here’s a recap:
The S&P 500 NYSEARCA: SPY is holding in a trading range to start the month of September.
Investor sentiment is still more fearful than greedy.
The Utilities Sector NYSEARCA: XLU is breaking to new highs.
Stock Market Today Video – September 4, 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.
