Stock Market Weekly -Jul 18th

 Last week, we dropped for 4 days, then recovered most of it on the 5th day, as most July Put Options on the indexes expired.worthless! Despite the huge Friday rally, we still need to get above the 3900 resistance level to negate some of the downtrend. Lots of earnings next week as we kick off another earnings reporting season.

 The long term 'downtrend' from the January high continues to be firmly in place. 

What to Expect in the Markets Next Week


Bonds were up a bit, dropping Interest rates back a bit.

The Dollar was up, Oil & Gold were down.

Bitcoin/Crypto was mostly flat, as we still 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:BAC, GS, IBMNFLX, JNJ,TSLA, ABT, BIIB, T, TRVAXP, NEE,, VZ, 
Events:





This week's charts: 






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


Links...
10yr Interest Rates  -stalling around 3%?
ETFs performance - Ranked by  Volume
S&P 500 Sector performance -

Commodities/Futures:  
Crude Oil  was down, closing near 103.82
Gold dropped, closing around 1740
The US Dollar was up, closing near 107
The 30 year Bond dropped, closing near 136.88

News:

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