Buy the dip vs. sell the rip? Here's what technicals are saying.
US stocks (^DJI, ^IXIC, ^GSPC) open Tuesday's trading session just a smidge in negative territory as Wall Street experts are wary of a potential stall to the market rally. Simultaneously, retail investors have flocked back to markets as many participated in buying the dip in April. But should investors be selling the rip rather than buying the dip right now? LPL Financial Chief Technical Strategist Adam Turnquist joins Madison Mills on the Morning Brief to check what the technicals are telling about the direction equities are heading, as well as the bond market (^TYX, ^TNX, ^FVX) as the 30-year Treasury yield flirts with its 5% benchmark. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.