The U.S. stock market and broader global financial markets absorbed quite a bit of news last week. The Federal Reserve came out with a mixed, yet dovish, statement and stocks swayed a bit but Crude Oil slid lower.
In fact, crude oil (depicted in today’s chart via the ETF $USO), fall threw its up-trend line. Lots to talk about in this week’s analysis video. Here are our top takeaways:
The oil market saw one of its heaviest volume sessions since early 2020 and thrusted below its multi-month uptrend.
The VIX Volatility Index briefly tagged 18 this week for the first time in over a year
Residential construction and home improvement stocks out-performed and broke to new highs this week
The Trade Risk Weekly Stock Market Video – March 20, 2021
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The author may hold 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.
