TradingSense

 We finally got some upside action in the markets with a huge rally last week, wiping out the prior 3 weeks of losses.  The trigger for the reversal might have been the Fed minutes released on Wednesday. Next week we get the monthly Jobs report on Friday. Markets are closed on Monday for Memorial day. Bonds  showed a 3rd 'up' week, a continuing sign of reversing the interest rate uptrend. The US Dollar also saw a 2nd 'down' week, possibly reversing the huge uptrend.  VIX dropped for a 4th week.  Oil was up, Gold was flat.  Bitcoin/Crypto was flat. What was up this week:   What was down this week:   S&P 500  - still in a weekly downtrend  1st reversal week after 7 weeks down. Potential resistance lines shown. $ NYA  -NYSE Composite  -popped last week ( IWM )   Small-caps: Made it back to the pre-covid highs, but reversed up last week as well. HYG - High yield  Corporate Bonds    (2 yr chart...

 What's another week down, after 6 weeks down already! Lets see what next week brings... WMT & TGT crashed the retail sector last week, both dropping over 20%. Bonds  showed a second 'up' week, maybe a sign of reversing the interest rate uptrend. Stocks head for another potentially treacherous week, as a slew of retailers report earnings The US Dollar also saw a 'down' week, possibly reversing the huge uptrend.  VIX was somewhat neutral. Oil was flat, Gold was up a bit.  Bitcoin/Crypto was down a bit. What was up this week:   What was down this week:  WMT! TGT! ROST! COST, DE S&P 500  - still in a downtrend  Looking for 'support' in this area? $ NYA  -NYSE Composite  -dropping ( IWM )   Small-caps -dropping. Made it back to the pre-covid highs HYG - High yield  Corporate Bonds    (2 yr chart ) - still dropping  LQD - Investment grade  Corporate Bonds    (2 yr chart )  -up a b...

We dropped for yet another week in the markets, tho followed by some signs of a reversal.  Bonds  also showed signs of reversing. Stocks & Bonds are all still at potential turning points here, based on prior levels. The US Dollar kept going higher last week. VIX was down a bit. Oil was up, Gold was down.  Bitcoin/Crypto was down, with a stablecoin crashing to near ZERO! (LUNA & UST). TerraUSD Crash Shows Risks of Algorithmic Stablecoins Chainlink: How a ‘price discrepancy’ resulted in millions lost from DeFi protocols What was up this week:  US Dollar What was down this week:  Gold S&P 500  - still in a downtrend  Possible 'support' in this area HYG - High yield  Corporate Bonds   (2 yr chart ) - still dropping LQD - Investment grade  Corporate Bonds   (2 yr chart )  -stabilized last week.  Almost at the Covid lows! Market concerns:   Inflation, Rising Rates, Russia/Ukraine...   Over  $...

Yet another down week in the markets, tho not as bad as the prior 4 weeks. We got a rally after the Fed rate hike announcement, but gave it all back & then some on the following day! Stocks are dropping while Bonds are also dropping... Stocks, Bonds, & the US Dollar are all still at potential turning points here, based on prior levels. VIX was up again, back above the 30 level, while Bonds dropped again.  Oil was up, Gold was flattish. Bitcoin/Crypto was down. What was up this week:  US Dollar, Interest rates,  What was down this week:  everything! S&P 500  - still in a downtrend  Possible 'support' in this area High yield  Corporate Bonds (HYG)   (2 yr chart ) - still dropping Investment grade  Corporate Bonds (LQD)   (2 yr chart )  -dropping like a rock! Almost at the Covid lows now! Market concerns:   Inflation, Rising Rates, Russia/Ukraine...   Over  $30  Trillion in debt!   Se...