Both the TSX and SPY found new all-time highs this week but the volatile news flow gave the sellers the edge into the close of the week.
The news flow really punctuated this past trading week as the spike in oil and geo-political risk kicked off the week, then by mid-week all eyes were on the Fed and FOMC announcement, followed by more trade talk news out of China and quadruple witching to end the trading week.
All in all the markets held in surprisingly well with 3 out of the 4 major indices logging inside weeks.
This coming week marks the final full trading week of the month and Q3, watch this week’s Weekly Outlook video to see the levels we’ll be watching.
In this week’s video, we look at the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD BTCUSD TOTAL EEM FB TLRY LULU MA XLV JNJ NKTR SNAP and more for the week of Weekly Market Outlook For September 23 – 27, 2019.
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