Stocks are taking it on the chin yet again today.
In today’s video we discuss the recent stock market decline, looking at the S&P 500 (NYSEARCA: SPY), Dow Jones Industrials (NYSEARCA: DIA), Russell 2000 (NYSEARCA: IWM), select sectors, stocks and more. We also look at other global stock market indices and related markets. Here’s an overview:
Stocks are under pressure today as US / China tensions persist.
Global stocks remain bearish but relative weakness is waning.
We are seeing positive breadth divergences develop but hey need price confirmation.
We continue to favor defensive sectors.
Stock Market Today Video – December 6, 2018
Twitter: @DanRusso_CMT
The 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.
