Stocks staged a strong rally late last week, erasing the better part of a deep pullback that occurred earlier in the week.
The November Jobs report was the catalyst for rally on Friday, helping stocks close out the week on a high note.
In today’s video, we discuss key news and themes, technical price levels for the major stock market indices and sectors, while highlighting stocks we are bullish / bearish on. Here’s a recap:
– The Russell 2000 ETF NYSEARCA: IWM Holds Key $160 Breakout Level
– The NASDAQ 100 ETF NASDAQ: QQQ Remains Very Bullish with Intensely Positive Money Flow
– The 10-Year Treasury Yield Moves Higher From the 50-Day Moving Average
Stock Market Today Video – December 9, 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.
