The stock market has fallen sharply in August, with the SPDR S&P 500 ETF NYSEARCA: SPY down -5.8% in the past week.
An uptick in volatility has seen the VIX Volatility Index INDEXCBOE: VIX rise to nearly 25 Monday. Will this turn into a full blown stock market correction? Or will the market bottom soon and begin to consolidate.
In today’s video, we discuss this and more. We look across the stock market sectors and highlight leaders / laggards and areas of the broader market to be in. Here’s a recap:
S&P 500 Breaks Below the Key Support Zone
Defensive Sectors See a Near-Term Relative Benefit
On Watch for a False Breakout in Technology
Stock Market Today Video – August 6, 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.
