Technical analyst Dave Chojnacki of Street One Financial kicks off the new trading week with a recap of last weeks action and an update to the important technical factors affecting the U.S. equities markets right now.
The market opened higher on Friday, as news coming out of Fed’s Jackson Hole symposium was dovish. Equities traded in a roller coaster fashion throughout the day, on low volume. Tech stocks were weak on Friday, keeping the Nasdaq 100 (NDX) in negative territory going into the close.