As we kick off a fresh five-session set this Monday we leave behind a week of price action in US equities that increasingly points to at least a more volatile near-term environment.
After weeks of a low-volatility grind higher in stocks, last Friday’s January jobs report spooked the market and finally resulted in a down week.
It took a few days for stocks to feel the pressure in the first week of March but as if often happens, risk comes slowly and then all at once. Various pockets of the market over the past few weeks began looking frothy, like, for example, the biotechnology sector…
Read my full analysis here: https://www.tradingfloor.com/posts/us-stocks-near-term-weakness-in-sight-3899811