Stock Market Weekly update -Aug 14th

We got a big rally in the SPX last week, after the CPI & PPI reports, now looking at a strong 4 week rally. This week we'll have the Aug Options expiration on Fri, along with the VIX Futures expiration on Wed, and the Fed minutes also on Wed. More earnings next week too -all potential market moving events.

The long term 'downtrend' from the January high continues to be challenged, now with this 4 week rally. 

Bonds and the US Dollar dropped a bit, while Oil & Gold rallied.

What to Expect in the Markets Next Week

Bitcoin/Crypto rallied as well


S&P 500 - Big breakout rally last week -still in a 'weekly' downtrend 


$NYA -NYSE Composite & (IWM)  Small-caps: Also rallied
HYG -High yield Corporate Bonds   (2yr chart) -6 week rally!
LQD -Investment grade Corporate Bonds   (2yr chart) -similar but weaker
Market concerns:   Inflation, Rising Rates, Russia/Ukraine...  
Over $30 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:   ADP, CI, CEG, IBN, ON, 
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -Still dropping
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:, , 
Events:

VIX Futures exp
Options Exp.


This week's charts: 

VIX -still dropping for several weeks now






A look at the MAGA stocks




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