Stocks Selloff into Close After Failing at Resistance

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

In this episode of StockCharts TV'sThe Final Bar, David Keller, CMT tracks the market's downside rotation as the S&P 4500 level once again serves as key resistance. He highlights semiconductor names, including NVDA and AVGO, that are breaking below their 50-day moving average, then digs into market sentiment indicators starting to rotate lower from extreme bullish readings.

This video originally premiered on August 9, 2023. Click on the above image to watch on our dedicated Final Bar pageon StockCharts TV, or clickthis linkto watch on YouTube.

New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

David Keller
About The Author:

David is President and Chief Strategist at Sierra Alpha Research LLC, where he helps active investors make better decisions using behavioral finance and technical analysis. He is a former President of the CMT Association. Learn More 

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