The S&P 500 (SPY) and other broad stock market indices are pointing lower again on Friday.
Will this selling the start of something more meaningful? Or just a run of the mill pullback?
In today’s video we look at the major indices and key performance indicators. We also dig into specific sectors and stocks to see what’s working, and what’s not. Example: the Retail Sector ETF (XRT) vs the Semiconductor ETF Sector (SMH). Here are some highlights:
– The S&P 500 is stalling out at the 200-day moving average.
– Retail stocks have been underperforming the broader market during the rally.
– Semiconductor stocks are showing strength – a bright spot in the market.
Stock Market Today Video – February 8, 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.
