Wall street bulls have plenty to cheer about as the stock market continues to gain ground to the upside.
The S&P 500 is poised to break above 3000 and the Dow Jones Industrial Average is back over 27,000. During the latest rally, investors have seen market breadth improve.
In today’s video, we discuss several broad stock market indicators, the technical setups on the major indices, and sectors and stocks we like. Here’s a recap.
– Bank stocks trade well after earnings leading to sector outperformance.
– Software stocks continue to weaken.
– Market breadth metrics have improved as the stock market has moved higher.
Stock Market Today Video – October 17, 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.
