Video Market Recap: Friday, April 29, 2016 - SPY QQQ NYA XLK XSD JNK TLT AGG GLD GDX USO UNG

Last week I mentioned that there were numerous divergences present on the charts of major stock indices. It now seems that these bearish divergences are working out. For the week $SPX lost a little over 1% to close at 2065.30. Stocks are somewhat oversold on the short-term basis, so a snap-back rally would not surprise me at this point. 
​Read this post here.