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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