After a busy calendar last week this week looks no different with an avalanche of earnings reports, economic data and US Federal Reserve speakers lined up, all culminating on Friday with the January jobs report.
US stocks closed at their lows for the week last Friday, at least in part spurred on by still notable weakness in banking and transportation stocks.
Meanwhile, defensive areas of the market such as bonds and gold continue looking good on the long side, all of which puts increasing pressure on the broader US equity indices.
Read my full analysis here: https://www.tradingfloor.com/posts/us-stocks-sp-500-has-that-heavy-feeling-3491896
