TradingSense

We got a nice 3 day rally last week, taking out the prior week's losses. We'll see if we get some continuation this week. Market moving events include the CPI & PPI reports, along with Sep Options expiration on Friday -huge positioning for this month. The long term weekly ' downtrend ' from the January high continues (weekly 20MA)... Bonds dropped, the US Dollar seem stuck here, like Gold, while Oil dropped again. What to Expect in the Markets Next Week Bitcoin/Crypto rallied -above 21k Pops: ZS, DOCU, REGN S&P 500  -  Rallied last week, but still in a 'weekly' downtrend  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also rallied HYG - High yield  Corporate Bonds    (2 yr chart ) -ditto LQD - Investment grade  Corporate Bonds    (2 yr chart )  - ditto Market concerns:   Inflation, Rising Rates, Russia/Ukraine...   Over  $30  Trillion in debt!   See Debt Clock on the left, or...

  We got a follow-thru drop on Monday, then a rally, then a massive drop on Friday after the Fed Jackson hole speech -tho he didn't say anything different from what he's been saying! This probably confirms that the huge 4 week rally was just a a bear rally which reversed at the 200MA. The long term weekly ' downtrend ' from the January high probably probably holds now... Next week we get the monthly Jobs report on Friday, another potentially market moving event, along with a few other economic reports. Same as last week! Bonds dropped and the US Dollar rallied. Gold dropped. What to Expect in the Markets Next Week Bitcoin/Crypto dropped as well, now approaching the June lows! Pops: SNOW, PANW   -Drops: AAP, DLTR, ZM S&P 500  -  -still in a 'weekly' downtrend  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also dropped HYG - High yield  Corporate Bonds    (2 yr chart ) -Also dropped LQD - Investment grade  Corporate ...