Wow, what a crazy week! Stock market volatility came back in a big way, reminding investors that the market can still go down!
The S&P 500 fell 3.8%, while the Nasdaq declined 3.5%. And the Dow Jones was down 665 points on Friday alone. It’s time for traders to dig in…
In this week’s stock market video, we discuss and analyze the technicals of all major markets and sectors, including the S&P 500, Nasdaq, Russell 2000, Gold, Oil, Bonds, and individual stocks.
Stocks & ETFs featured in our weekend video include: SPY IWM QQQ TLT USO UNG GLD SLV XLI XLF XLV XLY XLE XLB IYT
Here’s a list of specific high levels insights we also discuss in this week’s video:
- New multi-year highs in bond yields
- Highest weekly volume in the S&P 500 in over a year
- Vix spikes 50% to 1 year highs
- Number of stocks hitting new 52week lows are on the rise
I also outline various technical levels to be aware of on the major stock market indices.
Weekly Stock Market Video
Get more market thoughts and trading ideas over at The Trade Risk. Thanks for watching.
Twitter: @EvanMedeiros
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.
