The stock market indexes took a breather yesterday for the second day in a row.
The S&P 500 (NYSEARCA: SPY) put in a couple of short-term topping “tails” (candlesticks). This warns that upside is limited. Biotechnology stocks and the Biotech Sector (NASDAQ: IBB) look particularly weak as well.
In today’s stock market video, we discuss this and more. Here’s a recap:
– Second Weak Close in a Row for the S&P 500
– Biotech is Poised to Underperform Further
– Bearish Sentiment Remains Elevated
Stock Market Today Video – June 12, 2019
Twitter: @DanRusso_CMT
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