TradingSense

 The market continued to sell off pretty hard last week, with the Nasdaq100 and the Small-caps leading the way down.  We get a Fed meeting on Wed, which could turn things around -or not! NFLX sank after reporting earnings, after already having sank since md-Nov. It has now dropped back to the pre-Covid, Jun 2018 high. Consumer Inflation at 39-Year High With No End in Sight VIX popped a gain, Oil was up a bit, while Bonds and Gold were also up! The Dollar was flat.     First big week for earnings this week. Bitcoin  dropped some more, along with many alt-coins! What was up this week:  nothing! What was down this week:  everything! S&P 500  - continued the sell-off from the 4800 top   ( chart link )  High yield  Corporate Bonds (HYG)   (2 yr chart ) - dropped Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - dropped Market concerns:   Inflation, Covid (Omicron), Russia? China Evergrande?...

We saw a pullback from all time highs near 4800 on the SPX, after the release of the fed minutes.  We are back down to a potential support level, tho it could break down further.  CPI and PPI reports this week. And some of the big banks report on Friday.  VIX popped. Once a gain, Oil was up a bit, while Bonds and Gold dropped! The Dollar was flat, near recent highs.    Bitcoin  dropped some more. What was up this week:  Interest rates! Banks... What was down this week:  lots! S&P 500  - Failed the breakout from 4700!  ( chart link )  High yield  Corporate Bonds (HYG)   (2 yr chart ) - dropped Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - dropped Crypto wins in 2021! Market concerns:   Inflation, new Covid (Omicron)...   Over $28 Trillion in debt!   See Debt Clock on the left, or  here ...   New all time highs :   BK, BNS, PNC, RY, ADM, BRK.B, DG, ...

The big rally continued on Monday to a new all time high near 4800, then went flat for the rest of the week. We'll see what the first week of the New Year brings. Jobs report on Friday.  VIX is back at pretty low levels now. Once a gain, Oil and Gold were up a bit, while Bonds dropped a bit -same as the prior week. The Dollar held up near recent highs.    Bitcoin  dropped a bit. What was up this week:   What was down this week:   S&P 500  - Broke out to all time highs once again   ( chart link )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -followed the SPX Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - mostly unchanged Crypto wins! Market concerns:   Inflation, new Covid (Omicron)...   Over $28 Trillion in debt!   See Debt Clock on the left, or  here ...   New all time highs :   BNS, CSX, UNP, NEE, PEP, TMO... All time lows:  ...