TradingSense

 We saw a 2nd down week in the SPX last week, while the DOW has been flat for 6 weeks!  Still keeping an eye on the US Dollar rally, now up for a 3rd week (higher rates). Markets are closed on Monday. The long term weekly ' downtrend ' from the January 2022 high continues in the SPX  (weekly 20MA line) .  Tho price is holding above that downtrend line for a few weeks .   Less  likely now, but this weekly trend could also eventually take us down to the pre-Covid highs of early 2020!  The DOW & the Small-caps have already touched that level and rallied back up (see pics below). Earthquake death toll passes 46,000; desperation for signs of life NYA (NYSE composite) & IWM (small-caps): -dropped a bit. The Dollar popped for a 3rd week, as did the 10yr Rate. Gold was down for a 3rd week! Oil has been rangebound for 2 months. Bitcoin/Crypto popped. What to Expect in the Markets Next Week  -  Pops &   Drops :   A...

 The two week SPX rally took a pause last week. The next market catalyst will probably be the CPI report on Tuesday -could move in either direction. Keeping an eye on the US Dollar rally (higher rates). The long term weekly ' downtrend ' from the January 2022 high continues in the SPX  (weekly 20MA line) .  Tho price finally broke above that downtrend line for a 2nd week .   Less  likely now, but this weekly trend could also eventually take us down to the pre-Covid highs of early 2020!  The DOW & the Small-caps have already touched that level and rallied back up (see pics below). NYA (NYSE composite) & IWM (small-caps): -dropped a bit. The Dollar popped for a 2nd week, as did the 10yr Rate. Gold was flat! Oil rallied. Bitcoin/Crypto dropped a bit. What to Expect in the Markets Next Week  -CPI & PPI report, earnings  Pops &   Drops :   FTNT popped LYFT dropped   S&P 500 weekly  -small pullback ...

 We saw another nice rally last week bringing the SPX up to the next potential resistance level around 4200. Could now eventually move up to the 4300 level, the Aug high, or stall in this area after a big run.  The long term weekly ' downtrend ' from the January 2022 high continues in the SPX  (weekly 20MA line) .  Tho price finally broke above that downtrend line for a 2nd week .   Less  likely now, but this weekly trend could also eventually take us down to the pre-Covid highs of early 2020!  The DOW & the Small-caps have already touched that level and rallied back up (see pics below). NYA (NYSE composite) & IWM (small-caps): -IWM rallied. The Dollar popped a bit, while the 10yr Rate was flat. Gold dropped! Oil dropped too. Bitcoin/Crypto was mostly flat. What to Expect in the Markets Next Week  -earnings  Pops &   Drops :   SOFI popped   S&P 500 weekly  -now up for a 2nd week above the wee...