August is now in the books and it was a volatile one.
In the month of August, the North American indices shed some of their yearly gains but on a positive note ended the month well off the lows.
Unfortunately for investors, September has a historically negative bias so that is one scenario we need to continue to watch out.
This past week was a choppy one marked by gaps and reversals as we saw the markets buffeted by headlines risk, earnings, as well as lower volumes typically associated with summer vacations.
For the past 2-3 weeks, indices have been consolidating, one might say even coiling.
Trading volume, as well as volatility, is expected to rise as we enter into September so we’ll watch to pay close attention to see how price trades around next week’s Weekly and Monthly open levels.
Watch this week’s Weekly Outlook video to see the levels we’ll be watching to start the month of September.
In this week’s video, we look at the technical outlook for the VXX VX! SPY QQQ IWM DIA EEM TSX TLT GLD BTCUSD TOTAL UKOIL EEM TLRY WW CRON SFIX GE XOP OIH GDXJ for the week of Weekly Market Outlook For September 2 – 6, 2019.
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