We finally saw some volatility this week as the S&P 500 (NYSEARCA:SPY) made new all time highs early on Monday but then proceeded to trend lower for the rest of the week. The S&P 500 Index finished the week down by nearly 15 points or (-0.68%).
Friday we had nearly a 30 point range in the S&P 500 as markets digested statements from Federal Reserve officials over in Jackson Hole. The recent volatility has created some trading setups in select stocks and sectors.
I break down all of this and more in my weekend market overview video (below).
I cover the current market environment, sectors to pay attention to heading into next week, as well as individual charts like Apple, Inc. (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), and Alibaba (NYSE:BABA).
If you have any questions or comments, please leave them below. Also feel free to follow me on StockTwits or Twitter – I share a lot of my thoughts there as well (@EvanMedeiros).
Weekly Video Overview & Trading Outlook
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The author may have positions 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.