Investors are buying stocks into August month end, in an attempt to put a ribbon on an otherwise volatile month.
At one point the S&P 500 NYSEARCA: SPY was down over seven percent in August, but heading into Friday they are down under two percent. And stock market futures are pointing to a higher open.
In today’s video, discuss technical price resistance levels to watch on the major averages, leading and lagging sectors, and key trends and themes we are following. Here’s a recap:
The S&P 500 is testing the top end of the August trading range.
Semiconductors are holding relative support.
Trends still point to risk aversion on the part of investors.
Stock Market Today Video – August 30, 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.
