Stock Market Weekly -Jul 10th

Last week, we attempted to climb a bit higher for a 3rd week now, after the huge 2 week drop we saw in the 1st half of June, tho we we were still not able to get above the 3900 resistance level.

 We have still only recovered about 1/2 of that June drop so far. Time will tell whether we continue to recover, and get above 3900. Upcoming earnings over the next few weeks will probably be the catalyst for the next market move. However the long term 'downtrend' from the January high continues to be firmly in place. We also have a CPI report this week.

What to Expect in the Markets Next Week


Bonds dropped, raising Interest rates back up a bit.

The Dollar was up, Oil & Gold were down.

Bitcoin/Crypto was flat, as we work our way through failures from exchanges & crypto hedge funds.

What was up this week:  

What was down this week:  


S&P 500 - Trying to get above 3900 -still in a weekly downtrend 


$NYA -NYSE Composite and (IWM)  Small-caps: Also trying to rally.
HYG -High yield Corporate Bonds   (2yr chart) -recovered a bit 
LQD -Investment grade Corporate Bonds   (2yr chart) -same
Market concerns:   Inflation, Rising Rates, Russia/Ukraine...  
Over $30 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:   LLY, HUM
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -holding up still: 27ish
ETFs SPY, IWM, QQQ, GLD/SLV, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 

Stocks AAPL, AMD, BAC, BABA, DIS, FB, MSFT, NFLX, NVDA, T, TSLA...

Next week:      
MTWTF
Earnings:, PEPDAL, FASTJPM, MS, TSMUNH, C, WFC
Events:

CPI      PPI

This week's charts: 






7/03: Corp Bonds -since the GFC (2008)!


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