Stocks are battling a key resistance level that will decide whether or not the rally has another wave higher.
Market news has been coming in at full steam. From China trade negotiations to bank earnings to U.S. government shutdown news, traders have a full plate.
Let’s review some highlights from today’s video:
– S&P 500 (SPY) Sees a Slight Fade From Resistance
– Relative Strength in Consumer Staples (XLP) is Waning
– Materials (XLB) Continue to Improve
Stock Market Today Video – January 15, 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.
