Market Outlook – 03/27/18 – Brandon Van Zee
The S&P 500® fell 1.73% today, which represented its fourth straight day of above-average price range of volatile trade. All four major U.S. indices have bearish intermediate postures and are also exhibiting 3 Red Arrow signals. A relative bastion of safety was found in the defensive sectors like Utilities and Staples. Real Estate also responded favorably to falling treasury yields today. The NASDAQ® was a significant underperformer. It was down about 3%, which can be tied back to stocks like NVDA, NFLX, TWTR, MSFT, and FB.