Stock Market Today: Consolidation, Then What’s Next?

Stocks are pointing higher on Friday as sideways trading continues.

In today’s video, we discuss several technical indicators, investing themes, and areas for investors to watch heading into next week’s holiday. Here’s a recap:

– The S&P 500 (SPY) Consolidates Just Below Record Levels

– The Semiconductors Sector (SMH) Is Nearly Oversold and Holding the Relative Breakout Level

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– A Higher Low For Small Caps on a Relative Basis?

– Key Themes are Slightly Mixed But Skew Toward Risk-Seeking

Stock Market Today Video – November 22, 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.