TradingSense

  The market rolled over a bit last week after a 5 week run. This week we close out the 2nd Quarter, with the S&P up around 14% for the year, the Nasdaq100 up a whopping 36%, while the Small-caps only returned around 4%. TLT was up around 5% (20y Bonds). Semiconductors were up around 45%. Could be a quiet week as we close out the quarter, with no major events this week. The long term  'weekly  downtrend '  from the January 2022 high in the SPX  (weekly 20MA line)  has  turned back to an uptrend .   We've been chopping around in a range since  April 2022, and broke above that range.    Less likely now maybe, but this weekly trend could also eventually take us back down to the pre-Covid highs of early 2020. The DOW & the Small-caps already touched that level and rallied back up (see pics below).   NYA  (NYSE composite) &  IWM  (small-caps): -dropped last week. The  Dollar  - was up a bit....

  The Nasdaq100 popped again last week, as did the other indexes as we closed out the huge $4Trillion June quarterly Options expiration.    Potential market movers: Fed, VIX futures Expiration. The long term  'weekly  downtrend '  from the January 2022 high in the SPX  (weekly 20MA line)  has  turned back up.   We've been chopping around in a range since  April 2022, and now broke above that range.    Less  likely now maybe, but this weekly trend could also eventually take us back down to the pre-Covid highs of early 2020. The DOW & the Small-caps already touched that level and rallied back up (see pics below).   NYA (NYSE composite) & IWM (small-caps): -up again last week. The  Dollar  - dropped.  10Yr Interest rate was mostly flat. Gold &  Oil  was mostly flat. Bitcoin / Crypto  was up slightly. What to Expect in the Markets Next Week  - Fed before Congress, V...

  The Nasdaq100 was mostly flat last week, while the S&P 500 and the Small-caps rallied.  We made it up to that  4300 level mentioned last week in the SPX (the August high) . We could run into some resistance this week near that level.  Potential market movers: Fed, CPI, Qtr Options Expiration. The long term  'weekly  downtrend '  from the January 2022 high in the SPX  (weekly 20MA line)  has  turned back up.   We've been chopping around in a range since  April 2022, and now trying to break above that range.    Less  likely now maybe, but this weekly trend could also eventually take us back down to the pre-Covid highs of early 2020. The DOW & the Small-caps already touched that level and rallied back up (see pics below).   NYA (NYSE composite) & IWM (small-caps): -up again last week. The  Dollar  - was down a bit.  10yr Interest rate was up a bit. Gold up a bit, while...