The Federal Reserve cut the key interest rate by 25 basis points yesterday giving investors reason to bid up stocks.
But not all signals are showing “all-clear”. Bulls are running but we need to be aware of current trends and timeframes to stay “in trend”. Here’s our latest stock market video and recap:
– The S&P 500 NYSEARCA: SPY hit another new all-time high.
– Market breadth metrics continue to improve…
– …BUT we are mindful of the negative divergences.
– Large cap value stocks have been outperforming of late.
Stock Market Today Video – October 31, 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.
