On balance, both US and European stocks passed September’s first week with flying colours, at least as far as price action is concerned. The cross winds from the European Central Bank’s interest rate change announcement and the worse than expected August jobs report only caused some intraday turbulence for the broader US equity indices. As we enter the second week of September, I still want to operate with one eye looking over the cliff for risk management’s sake as sometimes it takes the market a couple of days to digest major news news before the truer move (in terms of directionality) sets in.
Read my full analysis here: https://www.tradingfloor.com/posts/us-stocks-no-jobs-no-problem-1552121
