The first two days of October haven’t been kind to stock market bulls.
The Volatility Index INDEXCBOE: VIX has risen sharply as the S&P 500 Index INDEXSP: .INX has fallen on consecutive days. But this shouldn’t be a surprise, considering that it’s October and we have a lot of political and economic news to digest.
In today’s video, we discuss current news and themes to monitor in the market, key technical levels for the major stock market indices, and stocks and sectors we are following. Here’s a recap:
– The S&P 500 has suffered back to back 1%+ declines.
– Market breadth metrics weaken but nearing oversold in the near-term.
– Small cap stocks and the Russell 2000 Index near support; they outperformed on Wednesday.
Stock Market Today Video – October 3, 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.
