TradingSense

  Last week we  saw a continuation of the prior Friday drop on Monday, followed by a massive rally, closing the indexes at all time highs again (except the Russell 2000 small-caps): DOW over 35000 S&P over 4400 Nasdaq100 over 15000 This week we get earnings from the big tech companies and other notables like TSLA, AMD, BA, along with a Fed meeting thrown in for good measure! Dow jumps more than 200 points to close above 35,000 for the first time ever Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip The VIX dropped last week with the market rally. Bitcoin and other cryptos were trying to recover. Oil was up, while Bonds & Gold dropped a bit.  The $US is still trending up What was up this week:   FB popped, CMG, SBUX What was down this week:  Chinese companies S&P 500  -BIG recovery to new all time highs  ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -almost back t...

Last week we  saw a drop, mostly on Friday, probably based on inflation concerns. It was also the July monthly Options expiration Friday.  The NDX had been at a pretty extended level, so it was not a totally unexpected pullback.  We also kicked off earnings with some of the big banks reporting. Next week we'll hear from a lot more companies... The VIX is perking up a bit, tho the futures expire this Wednesday. Bitcoin and other cryptos were still weak. Oil was down, while Bonds & Gold rallied a bit.  The $US is still trending up What was up this week:    What was down this week:  SPCE S&P 500  -dropped this week  ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -dropped on Fri from all time highs Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - holding up near the highs Market concerns:  Unemployment, Inflation...  Over $28 Trillion in debt!   See Debt Clock on th...