Stock Market Weekly update -Aug 21st

We got a pullback in the SPX last week, after the VIX futures expired on Wed & August Options expirations on Friday, and after a strong 4 week rally. It reversed at the 200MA level.

Next week we get the Fed meeting in Jackson Hole.

The long term 'downtrend' from the January high continues to be challenged so far...

Bonds dropped and the US Dollar rallied. Gold dropped.

What to Expect in the Markets Next Week

Bitcoin/Crypto dropped as well


S&P 500 -  -still in a 'weekly' downtrend 


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

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -bottoming?
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:PANW, ZMAAP, INTU, JD, CRM, NVDA, SNOW, RY, DG,DLTR
Events:


PCE, Jackson Hole Fed

This week's charts: 

VIX -dropping for several weeks now






A look at the MAGA stocks


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