TradingSense

Happy Holidays to all! We got an up & down week, ending pretty much where we started.  We got a big Mon/Tue rally ahead of  the VIX Futures expiration, then we saw a huge drop on Thu, but recovered a lot of it by the end of the day. Next week we probably have a slow holiday week, tho being the last trading week of the year, anything could happen! Some tax loss selling maybe? Santa Claus rally maybe? The long term weekly ' downtrend ' from the January 2022 high continues in the SPX  (weekly 20MA line) . $ NYA  -NYSE Composite & ( IWM )  Small-caps:  mostly flat The Dollar was down a bit for the week, while rates on the 10yr rallied! Gold was flat again, while Oil was up a bit! Bitcoin/Crypto was flat -6 weeks now! What to Expect in the Markets Next Week  - Pops &   Drops :      S&P 500  -    -reversal off the trendline continued  DOW vs SPX vs. Nasdaq100 Market concerns:   Inflation,...

Reversal week, as we got the CPI report followed by the Fed meeting, indicating higher rates for longer -the market dropped non-stop for 4 days. Retail sales also came in weaker than expected, and we had a massive trillion$ Quarterly Options expiration on Friday -unfortunately, this week's events crushed all the bulls from the recent highs of around 4100 on the SPX. Next week we get the final 2022 VIX Futures expiration on Wed. Interestingly, with the market dropping big over the past 4 days, the VIX barely moved! The long term weekly ' downtrend ' from the January 2022 high continues in the SPX  (weekly 20MA line) . The Dollar was again flat for the week, as rates on the 10yr dropped a bit more. Gold was flat again, while Oil was up slightly! Bitcoin/Crypto was flat. What to Expect in the Markets Next Week  -Housing & PCE reports Pops &   Drops :      S&P 500  -    -reversal off the trendline continued   VIX  -stil...

We got the 'turn' lower last week, near the resistance level & trendline, as we've seen 2 times before in this bear market. The VIX reversed from the bottom as well. We have 2 big events this week which could alter that move in either direction -the CPI report and the Fed Rate announcement -also Retail sales. Big week! We also have a big Options expiration on Friday, for the Monthly & Quarterly December options -its also the final Quarter of the year.  The long term weekly ' downtrend ' from the January high continues in the SPX  (weekly 20MA line) ,  tho the moving average line could be starting to turn up. The Dollar was flattish, as rates were actually up a bit. Gold was flat, while Oil dropped again! Bitcoin/Crypto was flat. What to Expect in the Markets Next Week  -. Pops &   Drops :      S&P 500  -    -reversed from the recent rally,  at the trend line .    We'll see what next week brings, after ...

Another rally week in the markets, after comments from the Fed on Wed. Could be quiet next week, with few events of any significance. Maybe we continue on to see a Christmas rally... time will tell. Breaking above some key levels in this area would be a potentially good sign for a continued market recovery. The long term weekly ' downtrend ' from the January high continues in the SPX  (weekly 20MA line) ,  tho the moving average line could be starting to turn up here! The Dollar was down again, as rates fell, again! Gold popped, while Oil was sup a bit. Bitcoin/Crypto was flat to slightly up. What to Expect in the Markets Next Week  -. Pops :   Drops :    S&P 500  -    -continuing the recent 'weekly' rally.  -still near a potential resistance trend line for the 3rd time VIX  -still trending down, from the Oct 13th CPI high Could be at a potential bottom here... $ NYA  -NYSE Composite & ( IWM )  Small-caps:...